The Globe and Mail reports in its Friday, Sept. 4, edition that in reaction to lowering commodity
price projections, TD
Securities analyst Scott Treadwell
reduced his 2015 and 2016
forecasts for the oil field services
sector. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Treadwell altered his
price targets for shares of sector
companies, including Precision Drilling ($6.08). Mr. Treadwell continues to rate Precision Drilling "action list buy," while
dropping his target to $8.50
from $11. Mr. Treadwell upgraded Precision Drilling to "action list buy" from "buy" and lowered his price target to $15 from $19 in the Eye column on Oct. 17, 2014. The shares could then be had for $9.89. BMO Nesbitt Burns analyst Michael Mazar lowered his target price on Precision Drilling shares to $13 from $18 in the Eye column on Oct. 29, 2014. It could then be had for $9.33. Raymond James analyst Andrew Bradford reiterated his "market perform" rating on Precision Drilling in the Eye column on April 29, 2015, when it was worth $8.36. Mr. Bradford shaved his target on Precision Drilling to $6.50 from $8.75 in the Eye column on Aug. 13, 2015. The shares could then be had for $6.94.
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