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Raymond James's research team released its Canadian analysts' 2017 best picks on Monday, featuring only four holdovers from this year among the list of 14 stocks.

"The Raymond James Canadian research team is proud of our long term stock picking record with the annual best picks list delivering an average holding period return of 13.0 per cent over the past 10 years, outpacing the S&P/TSX Small Cap index by 3.1 per cent on the same basis," said Daryl Swetlishoff, the firm's Canadian head of research.

"It was a strong performance for the list in 2016, with the 40.1-per-cent average holding period return from Dec. 7, 2015 to Dec. 7, 2016 landing in-line with the S&P/TSX Small Cap Index return of 40.4 per cent and nearly doubling the S&P TSX Total Return Index return of 20.5 per cent. Of the 19 stocks on the list, 6 outperformed the relevant benchmark."

The four holdover stocks are:

CompanyRatingTarget priceConsensus target
DRT-TDIRTT Environmental Solutions Ltd.Strong buy$7.50 $7.44
IFP-TInterfor Corp.Strong buy$19 $17.39
KEL-TKelt Exploration LtdOutperform$8 $7.52
OTEX-QOpen TextOutperform$80 (U.S.)$69.30

Additions to the list were:

CompanyRatingTarget priceConsensus target
AQN-TAlgonquin Power & UtilitiesStrong buy$14.50 $14.20
CTC.A-TCanadian Tire CorporationOutperform$165 $162.67
DEE-TDelphi Energy Corp.Strong buy$1.90 $1.62
ECN-TECN Capital Corp.Outperform$4.40 $4.61
EDV-TEndeavour Mining Corp.Outperform$30.75 $33.42
FSV-QFirstService Corp.Outperform$53 (U.S.)$50.25
GEI-TGibson Energy Inc.Outperform$21 $18.65
SVI-XStorage Vault Canada Inc.Strong buy$1.50 $1.48
SPB-TSuperior Plus Corp.Outperform$14 $12.90
TCN-TTricon Capital Group Inc.Strong buy$12.50 $12.49

Falling off the 2016 list were: AIMIA (AIM-T); Allie Properties REIT (AP.UN-T); Boyd Group Income Fund (BYD.UN-T); Brookfield Infrastructure Partners LP (BIP-N); Cameco Corp. (CCO-T); Canadian Natural Resources Ltd. (CNQ-T); Canyon Services Group Inc. (FRC-T); Chemtrade Logistics Income Fund (CHE.UN-T); Crew Energy Inc. (CR-T); Element Financial Corp. (EFN-T); First Quantum Minerals Ltd. (FM-T); Gildan Activewear (GIL-N); Goldcorp Inc. (GG-N, G-T); Secure Energy Services Inc. (SES-T) and Tahoe Resources Inc. (THO-T).