The Globe and Mail reports in its Wednesday edition that Canaccord analyst John Bereznicki has reaffirmed his "buy" recommendation for Anaergia. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bereznicki bumped his share target ahead by 25 cents to $1. Analysts on average target the shares at $2.84. Mr. Bereznicki thinks Anaergia's "appointment of a new CFO with meaningful renewable energy sector experience should help alleviate some uncertainty for the company as it seeks to appoint a new auditor." Anaergia named Andrew Spence to the role on Monday. In late May, Anaergia said that one of its units, Rialto Bioenergy Facility, commenced voluntary Chapter 11 restructuring proceedings in the U.S. Bankruptcy Court for the Southern District of California. It expects RBF, which is 51 per cent owned by wholly owned subsidiary Anaergia Services LLC, to continue to operate its multifeedstock bioenergy facility in Rialto, Calif., during the restructuring proceedings. Last week, it announced it has signed a contract to provide technologies that will enable Monterey One Water, the waste water utility of northern Monterey County, Calif., to make renewable energy from food waste as well as waste water.