SECOND TEAM

Lars Kjellberg Credit Suisse

After three consecutive years in third place, Lars Kjellberg climbs to No. 2. The Credit Suisse solo analyst is “spot-on at highlighting earnings recovery stories,” insists one ally, pointing to an August 2009 upgrade of Rexam from neutral to outperform, at 223.94p, on the British package maker’s debt-reduction plans and a likely rise in demand. In July, amid concerns over Rexam’s contract negotiations with the Coca-Cola Co., a major client, Kjellberg reduced his rating on the stock, then at 327.60p — up 46.3 percent and ahead of the broad market by 38 percentage points — to neutral. The share price had inched up to 332.70p by late December.