Cyclical stocks good value, says broker
It has tipped Independent News and Media (INM), Jury's Doyle, Kingspan, CRH, IONA and Parthus as recovery stocks.
Merrion's head of research Rory Gillen said given the perceived lack of confidence in economic recovery in the US, it is surprising to see that cyclicals have led the recovery in the US stock market "In an Irish market context, we would identify the main industrial cyclical stocks as CRH, Independent, Waterford Wedgwood, Jury's Doyle, Kingspan and Barlo and, in technology, IONA and Parthus," he said.
