Industries: Healthcare – Third
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Industries: Healthcare – Third

Javier Martínez de Olcoz & team Morgan Stanley

Javier Martínez de Olcoz guides the Morgan Stanley threesome from runner-up to third place; the São Paulo–based leader also oversees a runner-up team in Agribusiness. Tracking an impressive 26 companies in health care and related industries, the analysts “bring a broad-based, mature view to an immature industry,” attests one fan. In May 2011 they initiated coverage on Brazil’s Droga Raia with an overweight rating, at 10.60 reais, on the rapid growth of the domestic drug-retailing market and the likelihood of industry consolidation. In early August 2011, when the pharmaceuticals supplier announced a merger with rival Drogasil, the analysts pounded the table. Shares of the drugstore chain — now known as Raia Drogasil — rocketed 106 percent, to 21.84 reais, and shot past the sector by 124.3 percentage points, through mid-July. — Ben Mattlin


Josh Milberg & team Deutsche Bank Securities
Andrea Teixeira & team J.P. Morgan

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