Michael Briest & team UBS
The buy side says: “They watch stocks — not the euro.”
No. 1 for three years running, the UBS duo led by Michael Briest, 38, is “the best when it comes to keeping us focused on fundamentals,” insists one fan. Clients were impressed with the analysts’ coverage of the valuations of Logica, a Reading, England–based IT outsourcing-services provider. They upgraded it to buy last February, at 116.90p, then downgraded the stock to neutral in April, after it had gained 26.5 percent, rising to 147.90p, and led the sector by 14.6 percentage points. The stock tumbled to 109p in June, prompting the team to upgrade again to buy. By year-end it was back up to 131p.
