The Globe and Mail reports in its Friday, July 6, edition that Raymond James analyst Chris Cox elevated his rating for Husky Energy to "outperform" from "market perform" with a $26 share target, rising from $22. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $21.43. Mr. Cox says in a note: "We believe Husky offers a compelling combination of visible and robust free cash flow, modest production growth, insulation from regional pricing differentials (most notably, WCS) and leverage to a strong downstream margin environment. Our more constructive investment thesis is further supported by an attractive relative valuation, with the shares trading at the lowest multiple among the large cap producers at 3.7 times 2019 EBITDA (versus peers at 5.4 times)." The Globe reported on Jan. 30 that Raymond James analyst Chris Cox rated Husky shares "market perform," while advancing his share target by a buck to $19. In the item, Mr. Cox said, "Husky appears well positioned to get back on track to deliver a robust free cash-flow profile in 2018." Husky shares could then be had for $18.33.