European Value Looks Attractive From Medium/Long-Term Perspective

European Value theme looks tactically overbought, though looks attractive from medium / longer-term perspective, reports Morgan Stanley. Krupa Patel and the team at Morgan Stanley (NYSE:MS), in their recent European Equity Strategy, state that the recent pace of Value theme’s outperformance is now historically significant and hence valuation dispersion is beginning to normalize. European value: more discrimination at stock level Morgan Stanley analysts point out a more mixed short-term outlook for European Value theme suggests that investors should discriminate more at the stock level. In May 2013, Morgan Stanley was overweight in European Value as the macro backdrop remained supportive…