THIRD TEAM Kristen Stewart Deutsche Bank Securities
Kristen Stewart “has her finger on the pulse of the market,” applauds one investor. Stewart, who moved from Credit Suisse to Deutsche Bank Securities in July 2010 but holds steady in third place for a third consecutive year, upgraded St. Jude Medical from hold to buy in February, at $41.60, largely on valuation: A meeting with company management had convinced her that the market was not fully appreciating the growth potential of the St. Paul, Minnesota–based cardiac-care device maker. The stock rose as high at $53.80 in early May before starting to slide. By the end of August, the shares were trading at $45.54, gaining 9.5 percent since Stewart’s upgrade. During the same period the sector slipped 1.4 percent.