This content is from: Research

Capital Goods/Industrials: Aerospace & Defense Electronics - 2008

Douglas Harned of Sanford C. Bernstein & Co. soars from third place to capture first-place ­honors for the first time.

Douglas Harned

Douglas Harned

Douglas Harned

Sanford C. Bernstein

SECOND TEAM

David Strauss UBS

THIRD TEAM

Joseph Nadol ­ JPMorgan

RUNNERS-UP

Joseph Campbell Jr. Barclays ; George Shapiro ­Citi ; Heidi Wood Morgan Stanley

Douglas Harned of Sanford C. Bernstein & Co. soars from third place to capture first-place ­honors for the first time. “As a source of raw information, Harned is the best in the group,” cheers one ­money manager. Harned has maintained a market-­perform rating on Northrop Grumman Corp. since launching coverage in January 2005, ­citing soft revenue growth. For the 12 months ­ended mid-­September, shares of the Los ­Angeles–based military equipment manufacturer slipped 8.3 percent, 4.3 percentage points less than the sector declined. Harned, 54, who earned an MBA from the University of Pennsylvania’s Wharton School, was an aviation industry consultant before joining Bernstein in 2004. In second place is David Strauss of UBS, who was unranked last year. Strauss wins praise for what one client terms “an ­early and contrarian call” on BE Aerospace, a Wellington, ­Florida–based manufacturer of aircraft-cabin interiors. Strauss down­graded the stock to sell in February, at $42.80, on valuation. By mid-­September the share price had tumbled 50.6 percent, to $21.13. ­Also unranked last year, Joseph ­Nadol of ­JPMorgan Securities finishes third and is described by one buy-­sider as “a critical thinker who is not afraid to take controversial views.” ­Nadol upgraded Bombardier in November, at E3.60 ($2.45), on strong cash flow. In June, after the aircraft manufacturer’s shares had ­soared 48.6 percent, to E5.35, ­Nadol down­graded them to hold, on valuation. By mid-­September the stock had slid to E4.79.

Return to The Best Analysts of the Year

Return to Rankings

Related Content