Countries – North Andean Countries: Third

Mexico City–based Carlos Peyrelongue and Francisco Rodríguez Caballero, who is stationed in New York, bring Bank of America Merrill Lynch back to the lineup after an 11-year absence. The third-teamers win plaudits for the way they “cover infrastructure, their overall grasp of economics and their good contacts in government,” as one money manager puts it. Colombia and Peru have been making major investments in public works of late, prompting the analysts to identify such building-materials suppliers as Medellín, Colombia–based Cementos Argos and Cemex Latam Holdings, a wholly owned subsidiary of Mexico’s Cemex, as likely beneficiaries of increased infrastructure spending. Both stocks have been buy rated since mid-December. Peyrelongue also helms the squad that ranks second for coverage of Mexico, and co-leads (with Guilherme Vilazante) the ones at No. 2 in Cement & Construction and No. 3 in Real Estate. — Paul Sweeney