mdf commerce Ord Shs T.MDF

LB Top Picks for 2021

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They made these picks before yesterday so they might have to revise their target upwards. GLTA

Equity analysts at Laurentian Bank Securities revealed their “preferred picks” for 2021 in a research report released on Tuesday. The eight stocks selected are deemed to be their “best investment ideas” for the year.”Similarly, our basket of Preferred Picks is generally defined by companies with sound business models, healthy balance sheets (with M&A consolidation remaining a key catalyst) and positive organic growth,” it said

mdf Commerce Inc. (MDF-T, “buy” rating, $13.25 target)

Nick Agostino: “In picking MDF we note strong underlying fundamentals with e-commerce usage in the retail market increasing from 16 per cent pre-COVID to 30 per cent ending 2020, with industry experts suggesting a 60-per-cent adoption over the next years. We see this momentum as a tailwind for MDF’s Unified Commerce division and model in growing contributions from its top-10-global-grocer win, Aldi, announced on December 14, 2020, along with follow-on wins in this market niche. We look for MDF to grow its market share in Strategic Sourcing both through organic growth fueled by increased government spending and through M&A in the U.S. market. Adding to this, we anticipate a recovery in retail omni-channel spending through the course of 2021 as vaccinations are completed, benefitting MDF’s Supply Chain solutions. We expect the improved financial performance driven by the above along with on-going M&A and new partner announcements to fuel further multiple expansion.”