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Investment bank Morgan Stanley has recommended dozens of global stocks that are likely to surprise positively and pay back cash to shareholders in the form of buybacks.
Expecting share buybacks – where a company uses excess cash to buy back its own shares from investors – will skyrocket in Europe particularly this year, the bank said it “outperformed” the region will push forward.
“We assume that the buyback activity in Europe will increase strongly, which is a positive signal for individual stocks and the broader European market,” wrote the analysts of Morgan Stanley in a research report published on Wednesday.
Here are 10 of Morgan Stanley’s stock picks: