The Globe and Mail reports in its Saturday, Aug. 9, edition that Enerflex ($19.80) posted second quarter earnings late Thursday that were significantly ahead of expectations. The Globe's Darcy Keith and Stephanie Chan write in the Eye On Equities column that TD Securities analyst Scott Treadwell raised his price target to $24 from $22 and reiterated a "buy" rating after reviewing the latest results. Mr. Treadwell commented: "Enerflex's Q2 results were well ahead of expectations, as activity and revenues picked up and margins moved back towards normal levels. Bookings of $414-million were well in excess of our estimate of $265 million. Enerflex's recent acquisition of Axip had no contribution to the quarter as it closed the acquisition at the end of June. Looking ahead, we believe that the addition of the Axip team and business should bulk up Enerflex's offerings in Latin America especially." Raymond James analyst Andrew Bradford upgraded the shares to "outperform" from "market perform" and raised his price target to $19 from $15.50 in the Eye column on March 5. The shares could then be had for $16.60. Mr. Treadwell hiked Enerflex to "buy" in The Globe on June 4, when it could be had for $18.99.