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European Stocks to Watch
COMPANY PRICE* P-E RATIO** NOVARTIS Switzerland $96*** 26.5 Pharmaceutical maker cutting costs DANONE France 57*** 25.7 Restructuring will help this food and beverage maker NOKIA Finland 106*** 28.7 Leader in the fast-growing mobile-phone industry ZURICH ALLIED Switzerland 681 17.9 Expanding from insurance into asset management MUNICH RE Germany 420 37.6 Insurance industry consolidation should boost profits CAP GEMINI France 150 35.8 Big player in rapidly expanding systems-consulting market*Dec. 14 **Estimated 1999 earnings ***American depositary receipt
DATA: BUSINESS WEEK, BLOOMBERG FINANCIAL MARKETS
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Updated Dec. 17, 1998 by bwwebmaster
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