UBS Equities-Global Equity Strategy _Facts and Figures Utilities − six r...-107410180
2024-04-17 00:47
Global Research and Evidence Lab 5 April 2024 Global Equity Strategy Facts and Figures: Utilities – six reasons to focus on the Transmission and Distribution companies There are six reasons why we think investors should focus on utilities (especially in Europe) with a preference for the Transmission and Distribution (T and D) companies. 1) Cyclicals as a whole are pricing in a lot of good news The price ratio of cyclicals relative to defensives is discounting extremes in PMIs. The best measure of value has ...