Five analysts from Toronto-based investment bank M Partners have each named their top pick for 2014 from their respective universe of coverage.
They're a diverse mix of mid-cap industrials, mining, non-bank financials, oil & gas, and real estate.
Analyst Patrick Ruiz likes this lender’s “exceptional” growth profile, which is driven by solid production from its residential mortgage business. He expects renewals to support his growth forecasts, driving mortgages under administration higher while boosting margins. “While CXS was our top performer for 2013 and returned 164 per cent, we continue to believe there remains more upside for the stock." His one year price target of $3.25 implies a return of 31 per cent.