The Globe and Mail reports in its Tuesday, Nov. 7, edition that RBC Capital analyst Michael Harvey has reiterated his "outperform" recommendation for ARC Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Harvey boosted his share target by $4 to $28. Analysts on average target the shares at $26.67. Mr. Harvey says in a note: "ARC reported drama-free quarterly results that slightly exceeded Street expectations on both production volumes and cash flow. The Attachie project is progressing on schedule and budget, with the company generating $261-million in FCF during the quarter, which was directed toward buybacks and dividends. ARC remains one of our top picks and continues to be featured on the RBC Global Energy Best Ideas List." The Globe reported on Sept. 19 that Desjardins rated ARC Resources "buy." It was then worth $21.46. The Globe reported on Oct. 13 that National Bank Financial analysts Travis Wood and Dan Payne had kept ARC Resources at "outperform." The shares could then be had for $21.81. The Globe reported on Nov. 3 that Scotia Capital analyst Cameron Bean had reaffirmed his "sector outperform" recommendation for ARC Resources when it could be had for $23.44.