Early last year, as the collapse of the U.S. mortgage market continued to send shock waves around the world, with global banks writing down tens of billions of dollars in credit-related losses and stock markets experiencing jaw-dropping volatility, UBS unveiled a new approach to its equity research coverage in Europe. In addition to issuing their traditional 12-month recommendations, analysts were instructed to highlight three to five stocks in their sectors that were likely to outperform or underperform their benchmarks over the following 30 to 60 days.
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