< The 2014 All-America Research TeamAnn DuignanJ.P. MorganFirst-place appearances: 0

Total appearances: 11

Team debut: 2004For an eighth year running, Ann Duignan of J.P. Morgan seizes the No. 2 position on this lineup. U.S. machinery shares advanced 24.8 percent in 2013, while the broad market gained 29.6 percent, and the analyst has since early this year maintained a preference for construction-related players over those in agricultural industries. In January, citing her concern about the detrimental effects on earnings from a global oversupply of crops, Duignan downgraded Duluth, Georgia–based agricultural equipment distributor AGCO Corp. from neutral to underweight. The next day she upgraded Indianapolis’s Allison Transmission Holdings from neutral to overweight. The heavy-duty-transmission maker was enjoying rising equipment demand as a result of increasing construction budgets, she advised. AGCO’s stock subsequently tumbled 16.2 percent, trading down to $47.04 in mid-September and trailing the sector by 17.6 percentage points. Allison’s moved the opposite direction, rising 4.2 percent, to $29.33, and besting its peers by 2.7 percentage points. Her target price for the shares is $38. “Ann’s superior knowledge, fieldwork and contact network give good local color,” attests one U.K. pension fund manager.