The Globe and Mail reports in its Tuesday edition that Industrial Alliance Securities analyst Elias Foscolos continues to rate Enerflex ($11.75) "strong buy." The Globe's David Leeder writes that Mr. Foscolos cut his share target $15.50 from $16.50. Analysts on average target the shares at $16.50. Mr. Foscolos says the "unrelenting" decline in commodity prices will continue to hurt Canadian energy-service companies in 2016. He says: "Since the beginning of last year, the equity valuation of the Canadian energy services sector has decreased substantially, resulting in a 42-per-cent decline since the start of 2015 as measured by the IA Energy Services Index. The S&P Energy Equipment and Services Index ... declined 38 per cent in 2015. This decline was in addition to the 25-per-cent decrease recorded in 2014. With the continued decline in WTI since the start of this year, we have seen a further reduction of 13 per cent in the IA Securities Index and 11 per cent in the S&P Energy Services Index. As a result of all the declines, the current yield on the energy services stocks is averaging [approximately] 4.5 per cent, which to us strongly implies that further dividend reductions are forthcoming."