JP Morgan Cazenove's Central and Eastern Europe, Middle East and North Africa (CEEMEA) strategy report on crucial transactions and risks was published Friday. According to the report, JP Morgan increased Turkey's investment note from "neutral" to "overweight."JP Morgan also added Garanti Bank, Emlak Konut GYO and Halkbank to the CEEMEA Strategy Top 10 list. One reason for this note change are the possibility that the dollar exchange rate will soon stabilize in Turkey. Furthermore, both the bond and share certificate positions of foreign investors in Turkey are at the lowest level or at their closest to the lowest level.The report also said in terms of gross national product (GNP) growth, Turkey has the highest figures among CEEMEA countries. According to the report, the financing of Turkey's current account deficit has become cheaper and easier, the values of share certificates are suitable, Turkey has the best revisions in terms of profit outlook per share certificates within the region and Turkey having the highest beta rate in developing markets was among the other reasons behind the investment recommendation change. JP Morgan's report also said the long-term F/K factors of Turkey are cheaper than MSCI EMEA markets. Adding that banks within the model portfolio for Turkey increase their weight according to exporter firms, JP Morgan said share certificates of Garanti Bank, Halkbank, Koç Holding, BİM and Cola-Cola İçecek as the most favorable.