The Globe and Mail reports in its Friday, Jan. 12, edition that CIBC World Markets analyst Hamir Patel calls CCL Industries his top pick for the year ahead, reiterating an "outperformer" ranking and $72 share target. The Globe's David Leeder writes that analysts on average target the shares at $73. Mr. Patel says in a note: "We believe CCL's diversified global platform and end-market exposure should support steady top-line growth over the cycle. With leverage of only 1.4 times, the company is also well positioned to be opportunistic on the M&A front and invest in organic growth. At the company's Investor Day last month, management pointed to achieving over $10-billion in revenues from its existing verticals over the medium term (five to seven years), while maintaining 20-per-cent-plus EBITDA margins. The implied 6- to 8.5-per-cent sales CAGR represents upside to our forecast, which is only building in $8.1-billion of revenues for 2028. While CCL's demand growth is largely tied to global GDP, above-market growth should continue in coming years, supported by the company's exposure to RFID (growing double digits) and alignment with higher-growth customers (recent GLP-1 investments come to mind)."