(MS) European Eq. Strat. We update a number of our preferred stock screens to

Buyers’ Compendium – More Value ideas in both Defensives and Cyclicals

We update a number of our preferred stock screens to identify Value ideas that may offer an interesting entry point. 
We update our Buyers’ Compendium to identify stocks that may offer an interesting entry point. 
There are 84 stocks that appear on more than one screen, with 21 stocks being rated Overweight. The latter include: IAG,
Marks& Spencer, BHP Billiton, Continental, EDP, BMW, Caixabank, Covestro, Enagas, Engie, Getinge, Groupe Eurotunnel, Intesa Sanpaolo, Ahold Delhaize, Lafargeholcim, Michelin, Norsk Hydro, Orange, Pearson, Ryanair Holdings and Shire.

Guest screen #1: Defensives with positive earnings revisions. Includes 12 OWs: Imperial Brands, Diageo, Qiagen, Jeronimo Martins, Ahold Delhaize, Astrazeneca, Telecom Italia, SSE, TDC, Telenor, Orange and Iberdrola.

Guest screen #2: Cyclicals that are trading at/close to N12M valuation lows. Includes 6 OWs: Pearson, IAG, BMW, Marks & Spenser, Sky and Groupe Eurotunnel.