The Globe and Mail reports in its Tuesday, Jan. 27, edition that ATB Capital Markets analyst Tim Monachello continues to rate CES Energy Solutions "outperform." The Globe's David Leeder writes that Mr. Monachello gave his share target a $2 boost to $16.50. Analysts on average target the shares at $13.49. Mr. Monachello says in a note: "We believe CES Energy's strong stock performance (up 16 per cent year-to-date) is reflective of justified multiple expansion given its strong fundamental outlook for growth and margin expansion over the coming years, its track record of outperformance vs industry activity, its robust return profile and EPS growth trajectory, and its consistent returns to shareholder profile and strong FCF conversion. In addition, we believe CES will likely be added to both the FTSE Global Small Cap index in the March reweighting and the S&P/TSX Dividend Aristocrat index in the January rebalancing, that our channel checks suggest could drive over 7-8 million shares of incremental demand from funds that benchmark against these indices. Overall, we remain constructive on CES's ability to drive growth across its increasingly diversified, high-margin, and lower cyclicality business lines."