The Globe and Mail reports in its Thursday edition that Scotia Capital analyst Jason Bouvier has elevated his recommendation for Cenovus Energy to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bouvier gave his share target a $2 boost to $30. Analysts on average target the shares at $30.25. The Globe says Mr. Bouvier sees the company's operational performance "improving." He says Cenovus Energy has an "attractive" and "compelling" valuation." Mr. Bouvier says in a note: "With both the upstream and downstream running at more normalized rates we believe Q3 will act as a good indicator of the true cash flow capability of CVE. We believe strong execution in H2, coupled with robust oil prices will act as a catalyst for additional share price upside. ... We estimate significant FCF at current commodity price levels backed by a strong balance sheet and a deep inventory of profitable optimization opportunities. With several growth initiatives underway we expect total production to grow to 950 mboe/d over the next several years. ... Over time we expect utilization and margin capture to improve, and believe there is potential for further optimization."