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Industries: Metals & Mining
J.P. Morgan’s three-analyst team captained by Rodolfo De Angele rises one rung to third place.
Rodolfo De Angele & team J.P. Morgan
J.P. Morgan’s three-analyst team captained by Rodolfo De Angele rises one rung to third place. The São Paulo–based squad advised investors to overweight Ternium in July 2009, at $19.78, on the premise that the Argentinean steelmaker’s shares were undervalued ahead of an anticipated surge in demand.
Sure enough, the stock took off, climbing 80.7 percent, to $35.75, and outdistancing the sector by 39.1 percentage points, by late July 2010. De Angele “can give you trends better than anyone else in the business — in a cyclical industry, you want an analyst who is grounded and doesn’t get carried away by momentary events,” observes one grateful fan.