July 19, 2013 at 19:31 PM EDT
7 Reasons To Invest In Europe Now: Credit Suisse And BofA Merrill
Wall Street powerhouses Credit Suisse and Bank of America Merrill Lynch have both turned bullish on Europe. Bearish sentiment has reached extremes and both believe this, among other reasons, presents a prime contrarian buying opportunity for successful investors. Credit Suisse upgraded its view on European equities to a "benchmark" weighting with an overweight rating on European cyclicals, in particular media, hotels, software, autos and airlines.
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