< The 2015 All-Europe Research Team
Bobby Chada, Emmanuel Turpin & team
Morgan Stanley
First-place appearances: 2
Total appearances: 17
Team debut: 1994
Repeating in second place is the Morgan Stanley crew co-captained by London-based Bobby Chada, 40, and 46-year-old Emmanuel Turpin, who works out of Paris. “They are the most insightful utilities team in the City, harnessing the knowledge of a highly experienced group into thought-provoking research and thorough financial analyses,” proclaims one money manager. Examples of the researchers’ strong stock calls over the past year include their March 2014 upgrade of Britain’s SSE. Judging concerns about government interventions into power generation to be overblown, they boosted the electricity transmitter from underweight to overweight. By the end of last month, it had leaped 18.6 percent, to 1,609p, outperforming its peers by 12.3 percentage points. The Morgan Stanley analysts remain bullish, crediting in part the company’s solid balance sheet and dividend yield. One name they have long touted is EDP Renováveis, a Spanish renewable energy supplier, which enjoys strong cash flow potential and is well positioned to benefit from industry consolidation, the group notes. In the 12 months through January, EDP’s stock soared 40.5 percent, to €5.93, while the regional sector jumped 16.1 percent.