Credit Suisse: 8 Top European Consumer Stocks

Credit Suisse just released its top European Consumer stocks across eight different subsectors. Here’s a breakdown of analyst choices.

Autos & Components: Fiat Chrysler Automobiles NV FCAU

Analyst Alexander Haissl believes that the market is undervaluing the Ferrari segment and predicts that improvement in the European and/or Latin American economy could provide even more upside.

General Retailing: ZALANDO SE ZLDSF

Analyst Simon Irwin pointed to Zalando’s 30 percent sales growth in 2015 and sees the company as one of Europe’s fastest-growing online retailers.

Media: ITV PLC ITVPF

Analyst Nick Bertolotti sees “upside potential to ad revenue growth forecasts as the UK economy strengthens further.”

Related Link: Using Diversified ETFs For European Small-Cap Exposure

Media: MEDIASET ESPANA COMM GETVY

Bertolotti sees Spain as “the most cyclically and structurally attractive market in Europe” and believes that Mediaset Espana is on track to double revenues over the next five years.

Travel & Leisure: Carnival Corp CCL

Analyst Tim Ramskill named Carnival one of his top picks in the sector and estimates the company "could return the highest level of growth over the next three years, at a below average valuation.”

Travel & Leisure: Intercontinental Hotels Group PLC (ADR) IHG

Ramskill projects 16 percent compound annual growth rate (CAGR) from 2014 to 2017 and expects a $1.5 billion 2016 special dividend.

Consumer Staples: BRITISH AMERICAN TOB BTAFF

Analyst Charlie Mills sees tobacco stocks as “cheap relative to consumer staples, and none more so than British American Tobacco.”

Consumer Staples: PERNOD RICARD SA ADR PDRDY

Mills sees a weakening outlook for Pernod-Ricard’s China business, but believes “this is more than captured in the valuation discount.”

Disclosure: The author holds no position in the stocks mentioned.

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