The Globe and Mail reports in its Tuesday, July 8, edition that Raymond James has brightened its price outlook for West Texas Intermediate crude oil, resulting in higher price targets on many of the Canadian energy companies it covers. The Globe's Darcy Keith and Tim Shufelt write in the Eye On Equities column that Raymond James analysts now forecast WTI crude will average $102.29 (U.S.) this year, up from a previous forecast of $99.30 (U.S.). James's long-term price assumption was also raised, to $100 (U.S.) a barrel from $90 (U.S.). James analysts hiked their target on Imperial Oil ($56.95 (Canadian)) to $61 (Canadian) from $53 (Canadian). James rates Imperial Oil "market perform." James hiked MEG Energy ($39.10 (Canadian)) to $49 (Canadian) from $46 (Canadian), rating it "outperform." It boosted its target on Pengrowth Energy ($7.40 (Canadian) to $8.50 (Canadian) from 48 (Canadian), rating it "outperform." BMO Nesbitt Burns analysts upgraded the oil and gas explorers and producers sector to an "outperform" rating from "market perform." BMO named MEG Energy as one of its "top recommendations." The Globe's Michael Bowman said buy MEG on Jan. 22. The shares were then worth $31.20 (Canadian).