LRCDF - Top 10 Canadian stock picks from Credit Suisse

2023-07-08 18:18:33 ET

Credit Suisse conducted a study to identify Canada's top stock picks based on analysts' recommendations.

It expanded on the analyst's view by including details like investment thesis, catalysts, debates, pushback and valuation.

Each Canadian analyst ranked up to three stocks with an Outperform rating and identified high-conviction Underperforms.

The exercise resulted in a list of 10 top stock ideas, representing the highest recommendations within their coverage areas.

Here's an outline of Credit Suisse's Canada Top Picks by Industry:

Infrastructure/Power:

Analyst Andrew M. Kuske's top picks include TransAlta ( NYSE: TAC ) (TAC:CA), Keyera ( OTCPK:KEYUF ) ( TSX: KEY:CA ), and AltaGas ( OTCPK:ATGFF ) ( TSX: ALA:CA )

Precious Metals:

Analyst Fahad Tariq's top picks include Agnico Eagle Mines ( NYSE: AEM ) ( TSX: AEM:CA ), Barrick Gold ( NYSE: GOLD ) ( GOLD:CA ), and Endeavour Mining ( OTCQX:EDVMF ) ( TSX: EDV:CA ).

Canadian Financials:

Analyst Joo Ho Kim's top picks include Sun Life Financial ( NYSE: SLF ) ( TSX: SLF:CA ), Bank of Montreal ( NYSE: BMO ) ( TSX: BMO:CA ), National Bank of Canada ( OTCPK:NTIOF ) ( TSX: NA:CA ), and Laurentian Bank of Canada ( OTCPK:LRCDF ) ( TSX: LB:CA ).

More on Canadian markets:

• Canada unemployment rate rose to 5.4% in June
• Canada GDP rises to 0.4% in May
• Canada inflation drops to 3.4% in May

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