Deutsche Bank named its top European stock picks for the next 12 months, adding ING, SPIE, ICG, UCB, Groupe ADP and RWE while removing Barclays, Bunzl, Euronext, Novartis, International Airlines Group and E.ON. The bank did not explain the changes and had no top pick in the household and personal care or food consumer-staples categories, where Henkel had previously been selected. All stocks on the new list carry a buy rating. Groupe ADP has a €130 price target, compared with a Sept. 29 close of €110, as Deutsche Bank expects a proposed regulatory agreement with the French government to improve visibility on the airport operator’s business through 2034. Regulatory approval is expected around November and could provide a near-term catalyst. The continuing selections include 17 names in the list provided, although Deutsche Bank described the number as 16. The bank also highlighted possible catalysts for Siemens Energy, Safran, Volkswagen, ICG and Thyssenkrupp, alongside price targets for the broader group.