Laurentian Bank Securities 2016 Outlook: This Year's Preferred Picks

MONTREAL, Jan. 14, 2016 /CNW/ - Laurentian Bank Securities (LBS) has issued its Annual Institutional Equity Outlook in which it recommends its preferred stock picks for the year. In each of the last three years, its annual picks have outperformed the index.

"Our 2015 picks significantly outperformed the S&P/TSX Small Cap Index, as did our overall recommendations. LBS's 2015 picks returned an outstanding 25% compared to the S&P/TSX small cap index's return of -16%", said Ben Vendittelli, Senior Vice-President, Institutional Equity at Laurentian Bank Securities. "Our analysts made remarkable recommendations across the board in 2015, highlighting our firm's focus on quality research to add value to clients. Our LBS coverage universe recommendations returned a very strong +15%".

LBS's 2016 preferred picks are:

Company	Sector	LBS Analyst	Ticker	Rating	Market Cap (M)	Price	Target	Div. Yield
Ag Growth International	Agriculture	Nelson Mah	AFN-T	Buy	$431.1	$28.90	$35.00	8.1%
Chesswood Group Ltd.	Financials	Marc Charbin	CHW-T	Buy	$147.2	$9.08	$15.50	8.6%
Cipher Pharmaceuticals Inc.	Healthcare	Joseph Walewicz	CPH-T/CPHR-O	Buy	US$110.1	US$4.31	US$8.50	na
Halogen Software Inc.	Diversified Technology	Nick Agostino	HGN-T	Buy	$152.7	$7.01	$11.00	na
Integra Gold Corp.	Gold	Pierre Vaillancourt	ICG-V	Spec. Buy	$113.7	$0.32	$0.90	na
Milestone Apartments REIT	Real Estate	Nelson Mah	MST.UN-T	Buy	$863.2	$14.35	$18.00	4.6%
Reservoir Minerals Inc.	Base Metals	Pierre Vaillancourt	RMC-V	Buy	$193.9	$3.98	$7.00	na
Stella-Jones Inc.	Industrials	Mona Nazir	SJ-T	Buy	$3,401.5	$48.37	$55.00	0.7%
Uni-Select Inc.	Special Situations	Michael Glen	UNS-T	Buy	$1,449.4	$65.98	$75.00	1.0%
T - Toronto Stock Exchange, V - TSX Venture Stock Exchange
Source: Thomson; LBS estimates.					All prices as of: Jan. 13, 2016

Every year, Laurentian Bank Securities hosts an Annual Institutional Investor Conference with close to 50 corporate issuers. This year's event will take place on April 7 at the Sofitel Hotel in Montreal.

A copy of LBS' 2016 Outlook report is available upon request for members of the press.  

About Laurentian Bank Securities

Laurentian Bank Securities (LBS), is an integrated full-service investment dealer, focusing on five lines of business. The well respected Institutional Fixed Income division has a strong presence in Government and Corporate underwritings, as well as in secondary markets. In addition, the Institutional Equity division is solidly established across the country and focuses on serving clients through research, trading and investment banking in the small capitalization sector. The fast-growing Retail division and Discount Brokerage division currently serve clients through 16 offices in Quebec, Ontario and Manitoba. Furthermore, LBS' corresponding business provides complete back office support to a wide range of customers.

SOURCE Laurentian Bank Securities

Carine Salvi, External Communications Advisor, Laurentian Bank, 514 284-4500, ext. 4695