4 quality names with attractive entry points
In this edition of the EQM, we highlight four stocks that we believe are trading at attractive entry points (ARM, Burberry, Richemont and Safran). All are also on our Global GS SUSTAIN Focus List. Three are valued at a 12m fwd P/E discount to sector peers (Richemont, Burberry and Safran), which is highly unusual for a Q1Q1 stock. With an average 12m fwd P/E (I/B/E/S consensus) of <15x and average upside to GS price targets of c.60%, we believe these stocks offer very good value. The fourth stock (ARM) is now at an unusually low 12m fwd P/E premium of 52%.