< The 2015 All-Europe Research Team
Jochen Gehrke, Gaëtan Toulemonde & team
Deutsche Bank
First-place appearances: 0
Total appearances: 12
Team debut: 2001
Repeating in the No. 2 position on this list is the three-person Deutsche Bank team co-captained by Frankfurt-based Jochen Gehrke, 38, and 57-year-old Gaëtan Toulemonde, who works out of Paris and also leads a group that merits a runner-up position for its coverage of French equities. Tracking 26 regional auto and auto parts companies, the researchers are known for “their breadth of coverage,” one loyalist reports. Another backer lauds them for “taking the long view.” Two names the Deutsche crew has favored for more than a year are Faurecia of France and Germany’s Daimler. In November 2013, when shares of Faurecia — a leading vehicle interiors manufacturer — were trading at €23.94, the analysts raised their target price from €25 to €30, citing rising demand and a European volume recovery. The following February, when management announced a dividend increase, they upped their price objective to €36. By the end of last month, Faurecia’s shares had climbed to €35.82, and they remain recommended. An ongoing buy rating on Daimler, thanks primarily to steady sales growth, continues to garner investor plaudits. The Mercedes-Benz maker’s stock jumped 37.1 percent during the 12 months through January, advancing €80.48 and besting the sector by 18.1 percentage points.
