The Globe and Mail reports in its Thursday, Jan. 8, edition that Raymond James analyst Michael Barth, in response to Calgary-based ACT Energy Technologies' $34-million acquisition of Stryker Energy Directional Services, raised his share target to $10 from $8.75 with an unchanged "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $6.50. Mr. Barth says in a note: "When we initiated on ACT Energy in July, 2025, one of the thesis points behind our 'outperform' rating was that there was plenty of room to profitably consolidate the directional drilling market in the U.S., and ACT would end up being one of those consolidators. We didn't include any upside value from accretive M&A in our model, but the Stryker acquisition announcement is consistent with our initial thesis, and clearly accretive. After incorporating this transaction into our estimates, our target increases by 14 per cent. ... With the stock trading at just $4.75, we now have more than 100-per-cent upside to our revised target, and are surprised by the muted market reaction today. As such, we believe an attractive entry point exists at these levels."