The Globe and Mail reports in its Thursday, May 23, edition that Raymond James analyst Andrew Bradford has turned slightly bearish on Enerflex ($13.41). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Bradford says it is time for investors to take a breather in buying shares of Enerflex, which is trading near record highs. Mr. Bradford downgraded the largest natural gas compression player in the Canadian market to "market perform" from "outperform." Recent attention given to the bullish outlook for the Canadian liquefied natural gas market has been driving recent gains in the stock. Mr. Bradford says, "However, it's not obvious to us that the size of the prize is sufficiently weighty to offset the 'elephant in the room,' which we perceive to be structurally flat bookings and declining backlogs in the southern U.S. and International markets." Mr. Bradford maintained a $14 price target. The average price target, according to Bloomberg, is $14.75. The Globe's Ian McGugan was bullish on Enerflex in the Number Cruncher column on March 14. The shares were then trading at $13.01. He recommended buying the shares again on March 19 when they could be had for $13.75.