The Globe and Mail reports in its Tuesday, Jan. 20, edition that ATB Capital Markets analyst Tim Monachello has reaffirmed his "sector perform" recommendation for Calfrac Well Services. The Globe's David Leeder writes in the Eye On Equities column that Mr. Monachello boosted his share target by a loonie to $5.25. Analysts on average target the shares at $5.50. Mr. Monachello says in a note: "We believe Calfrac Well Services' strong share performance (up 17 per cent year-to-date and up 70 per cent since November 14, 2025) and uncertainty regarding both 2026 activity and the timing and scale of a resurgence in Argentina completions demand could limit upside in Calfrac shares over the medium-term. Further, we believe the illiquid nature of Calfrac stock could drive outsized volatility in stock performance through 2026." The Globe reported on April 18 that RBC Dominion Securities analyst Keith Mackey was keeping his "sector perform" recommendation for Calfrac Well Services intact. The shares were then worth $3.43. The Globe reported on Dec. 5 that Mr. Monachello rated Calfrac Well Services "sector perform." The shares could then be had for $3.41.