The Globe and Mail reports in its Friday, Sept. 8, edition that Stifel analyst Cole Pereira has reaffirmed his "buy" recommendation for CES Energy Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pereira gave his share target a 75-cent boost to $5. Analysts on average target the shares at $4.50. Mr. Pereira says in a note: "CES Energy Solutions has materially outperformed in the past month (up 32 per cent vs. our coverage universe average of 7 per cent), however we see further near-term valuation upside from multiple factors. In summary: (1) Underappreciated strength in CEU's FCF profile with the highest EBITDAS-FCF conversion and lowest EV/FCF multiple in 2023 within our coverage is supporting meaningful shareholder returns; (2) Market share capture and its production focus has offset broader declines in U.S. activity; (3) Recent input cost deflation could sustain margin expansion; and (4) Narrowing the valuation gap with its closest peer ChampionX (covered by Stephen Gengaro) could drive its valuation higher, and we estimate an equity value of $4.34-6.85 per share (13-79-per-cent upside) at 5-7 times 2024E EBITDAS vs. 4.6 times currently and CHX at nine times."