State Street sees ‘outstanding opportunity’ in Irish shares

Some Irish quoted companies provide ‘‘an outstanding opportunity’’ for investors, given that they are significantly undervalued, international investment advisory firm State Street has said in a note on European stocks.

5th February, 2011

Some Irish quoted companies provide ‘‘an outstanding opportunity’’ for investors, given that they are significantly undervalued, international investment advisory firm State Street has said in a note on European stocks.

Michael Arone, global head of product engineering with State Street, marked Ireland out from Europe’s other peripheral economies, describing it as ‘‘an interesting case’’.

He said corporate activity was likely among Irish stocks, which would...

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