Consumer: Retailing/Food & Drug Chains
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Consumer: Retailing/Food & Drug Chains

It’s nine straight years at No. 1 for Meredith Adler, who “draws on lengthy experience to make quick reads on situations and evolving trends and their impact on companies and the industry as a whole,” extols one satisfied client.

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Meredith Adler Barclays Capital


The buy side says: “She stands head and shoulders above her peers.”


It’s nine straight years at No. 1 for Meredith Adler, who “draws on lengthy experience to make quick reads on situations and evolving trends and their impact on companies and the industry as a whole,” extols one satisfied client. Case in point: The Barclays Capital analyst urged investors to buy NBTY, a Ronkonkoma, New York-based nutritional-­supplements manufacturer that markets its products via its web site, as well as through drug and general merchandise stores. Adler, 56, recommended the stock in late April, at $39.04, on the belief that the company stood to gain from the medical community’s growing support of nutrient supplements. By mid-­July, when Adler suspended coverage owing to BarCap’s involvement in the Carlyle Group’s $3.8 billion buyout of NBTY, the stock had advanced a very healthy 37.7 percent, to $53.74. During the same period the sector slid 9.5 percent.


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After two years in the runner-up position, Chip Dillon of Credit Suisse rises to No. 3. “He is able to understand more-esoteric issues specific to the space,” touts one client. Dillon initiated coverage of Pactiv Corp., the maker of Hefty brand trash and sandwich bags and a producer of food-service and food-packaging products, in March with an outperform rating, making the case that the Lake Forest, Illinois–based company was undervalued on the basis of earnings and cash flow.
Citi’s P.J. Juvekar, 43, finishes in first place for a second consecutive year. “The analyst makes timely calls, provides excellent written research and knows the industry better than his peers,” insists one portfolio manager. Juvekar upgraded PPG Industries to buy in January, at $59.97, telling clients that the Pittsburgh-­based producer of coatings for industrial, architectural and auto markets would benefit from increased auto production, as inventories had been depleted in 2009 because of the Car Allowance Rebate System, better known as the cash-for-­clunkers program. Juvekar also believed the company would reap benefits from rising industrial production, to which PPG’s earnings are highly correlated.
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