ABN Amro has issued its latest batch of recommendations for investors seeking opportunities in the Irish market. Among the larger stocks, the brokers recommend AIB, CRH, Elan, Greencore, Irish Life, Irish Permanent, Kingspan and Ryanair. In the second-line sector, it highlights Arnotts, Barlo, Green Property, Heiton, IWP and Tullow.
ABN Amro has added CRH, Ryanair and Heiton to its previous list. It says that CRH is trading at a discount to its European counterparts which is unwarranted. Ryanair's recent share price fall is also overdone, and it says the decline fails to take account of the expected strong increase in passenger numbers and the growth opportunities open to the company in the European market.
As for Heiton, ABN Amro notes the company's underperformance has also been overdone.