The Globe and Mail reports in its Thursday, Jan. 11, edition that Enerflex ($15.65) is one of Industrial Alliance Securities' top picks for 2018. The Globe's David Leeder writes that analyst Elias Foscolos rates the shares "strong buy," with a $21 share target. Analysts on average target the shares at $22.06. Mr. Foscolos says in a note: "In the last two quarters, EFX's revenue has been slightly above market expectations. Although its EBITDA in Q3/17 was slightly below the Street's projection, we attribute the EBITDA miss as a timing issue and to one-time charges. In November, EFX increased its dividend by 12 per cent to an annualized rate of 38 cents per share. These positive factors, along with EFX's strong balance sheet, make the company one of our top picks for 2018." The Globe reported on May 9, 2017, that Mr. Foscolos upgraded Enerflex to "strong buy" from "buy." He continued to target the shares at $23. The shares were then worth $19. The Globe reported on June 22, 2017, that Raymond James rated Enerflex "outperformer," with a $22 share target. In the same item, CIBC World Markets' Jon Morrison raised his share target by 50 cents to $25 with an "outperformer" rating. The shares were then worth $16.70.