In a new report, Exane BNP Paribas analyst Paul Schneider took a close look at the European recovery and whether European equities have more room to the upside. Schneider also named the firm’s top six Europe stocks to buy and top five stocks to avoid.

Vulnerable Equities

Despite recent strength in the European recovery, Schneider isn’t particularly bullish in his European outlook. “The domestic European recovery continues but, as financial conditions tighten in the U.S. and structural challenges restrain EM growth, we think equity markets remain vulnerable, while European valuations offer little comfort at this stage,” he explained.

Domestic Strength

Exane BNP Paribas sees…

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