The Globe and Mail reports in its Friday, Dec. 12, edition that Desjardins Securities analyst Benoit Poirier, in a research report released Friday titled "Time to look forwards, not backwards," revealed his top picks in his industrial and transportation coverage universe for the year ahead. The Globe's David Leeder writes that one of Mr. Poirier's top picks is CAE, which he rates "buy." Mr. Poirier gave his share target a $5 boost to $51. Analysts on average target the shares at $43.99. Mr. Poirier says in a note: "In aerospace and defence, as well as overall, CAE is our favourite idea given its new CEO, new chairman, green shoots in pilot hiring, surging global defence spending, a red-hot bizjet market and structurally irreplaceable assets. The setup reminds us of Bombardier and Atkinsrealis in the early stages of their turnaround journeys. While financial targets are pending, we see potential for civil EBIT margins at 25 per cent and defence at 11 to 12 per cent. Applying these assumptions, along with a modest multiple expansion, yields a bullcase valuation of $64/share (or $69/share if we include buybacks). This scenario would effectively enable CAE to more than double its earnings within three to four years."