Desjardins top picks ( Mitec )Congrats all
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Desjardins' top picks
Desjardins Securities unveiled its top picks list for 2004 yesterday. The list includes 24 Canadian stocks. Angiotech Pharmaceuticals Inc. (ANP-TSX) is the top pick in the biotechnology group. Analyst Laurence Terrisse-Rulleau has a price target of $85 on its stock, which closed yesterday at $61. (All targets are for 12 months.)
Forzani Group Ltd. (FGL-TSX) was No. 1 in the consumer discretionary section. The specialty retailer's shares are forecast to climb to $20 from a close of $17.17 yesterday. Metro Inc. (MRU.A-TSX) was the top choice among the consumer staples with a $25 target.
Royal Bank of Canada (RY-TSX) and Toronto-Dominion Bank (TD-TSX) topped the list for banks, while Manulife Financial Corp. (MFC-TSX) and Sun Life Financial Inc. (SLF-TSX) were the picks among the life insurers. The price targets are $75 for RBC, $51 for TD, $46 for Manulife and $36 for Sun Life. Brascan Corp. (BNN.A-TSX) was the top choice in the asset management category. Its shares are expected to rise to $48.
Placer Dome Inc. (PDG-TSX) and Glamis Gold Ltd. (GLG-TSX) were selected as top picks in the golds. The price target on Placer is $22 (U.S.) and on Glamis $21. Falconbridge Ltd. (FL-TSX) got the nod in the base metals group with a price target of $38 (Canadian.)
CGI Group Inc. (GIB.A-TSX) was top pick in the high-tech/industrial group. Its shares, which closed yesterday at $8.30, are expected to rise to $10. Analyst Barbara Betanski's top pick in the oil and gas sector is Talisman Energy Inc. (TLM-TSX), whose shares are forecast to rise to $92 from their current $74.90.
Domtar Inc. (DTC-TSX) was cited as top pick in the paper and forest products group, while First Capital Realty Inc. (FCR-TSX), IPC U.S. Income Commercial REIT (IUR.UN-TSX) and Killam Properties Inc. (KMP-TSX) got the nod in the real estate sector.
Other stocks on Desjardins Securities' top picks list were Mediagrif Interactive Technologies Inc. (MDF-TSX), Stratos Global Corp. (SGB-TSX), Mitec Telecom Inc. (MTM-TSX), Nortel Networks Corp. (NT-TSX), MKS Inc. (MKX-TSX), Open Text Corp. (OTC-TSX) and Alimentation Couche-Tard Inc. (ATD.B-TSX).
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