2025-05-29-Jefferies-视频如何在欧洲基础设施领域应对美元贬值_7页_303kb

Jefferies Europe Insights: European Infrastructure and USD Weakness Summary

Jefferies' Equity Research report, dated May 29, 2025, focuses on European infrastructure and the implications of a structurally weaker US dollar. Key points include:

• Core Discussion: A video discussion between Research Management's Raj Jilka and Head of European Infrastructure Graham Hunt explores how USD depreciation could be leveraged in European infrastructure investments, highlighting potential opportunities for European equities.

• Analyst Insights: The report involves multiple analysts (e.g., Graham Hunt, Mark Braley) from Jefferies' Equity Research Team, providing certifications and addressing compensation structures to ensure independence.

• Stock Ratings: Companies like Balfour Beatty Plc, Ferrovial SA, and Vinci SA are rated Buy or Hold based on total return expectations, with methodologies including discounted cash flow (DCF) and valuation metrics. Ratings are suspended or suspended coverage for some entities due to regulatory constraints.

• Investment Risks: Emphasizes that USD weakness may affect infrastructure stocks positively, but investors must consider currency risks, market volatility, and regulatory disclosures. Past performance is not indicative of future results.

• Disclosures: Includes important legal notes on conflicts of interest, registration status of analysts, and general investment warnings to guide user decisions appropriately.