BEST BUYS IN EUROPE NYSE:FTE, ETR:CBK, NYSE:AEG
France Telecom SA (ADR) NYSE:FTE, Commerzbank AG ETR:CBK, AEGON N.V. (ADR) NYSE:AEG make up the Shayne Heffernan European Hot List.
European Stocks should outperform in Q3, for those brave enough to buy now big returns are on offer over the next few years.
France Telecom SA (ADR) NYSE:FTE has been upgraded to a strong buy with a 2012 price target of $31 issued today by Shayne Heffernan.
In a note to traders today Shayne Heffernan pointed to the strong dividend history currently paying at 8.76% and the low PE of under 12 as well as the long term strength in the EURO as reasons to buy the stock.