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Contrarians Take Top Ranks Among European Analysts

Analysts who went against the grain got better marks from hedge fund managers in Alpha's version of the All-Europe Research Team.

Analysts at Deutsche Bank cut against the grain when they issued a high-conviction call in July 2013 urging investors to unload shares of British aircraft engine manufacturer Rolls-Royce Holdings, at 1,200.39 pence. Arguing that the company’s cash flow was poor and underlying costs were rising in its civil aerospace unit,

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