The Globe and Mail reports in its Tuesday, Feb. 6, edition that ATB Capital Markets analysts Tim Monachello and Waqar Syed have reaffirmed their "outperform" recommendation for Enerflex. The Globe's David Leeder writes that the ATB analysts boosted their share target by a loonie to $12. Analysts on average target the shares at $10.73. Mr. Monachello and Mr. Syed say in a note: "Laggard to Leader Opportunity: We believe Enerflex shares have turned a corner after rebounding roughly 25 per cent from 52-week lows and moving roughly 11 per cent higher year-to-date, still we believe sizable upside remains especially in the context of Enerflex shares still being off 38 per cent from 52-week highs despite only a 10-per-cent reduction in 2024 consensus EBITDA estimates from peak levels in May, 2023. Still, we believe the market remains somewhat hesitant to fully re-engage given 1) negative revisions to FCF expectations alongside its Q2/23 earnings, and 2) the sudden departure of its recently appointed CFO in October that spread fear of major unexpected internal problems across its investor base which we believe were largely unfounded. Still, we believe 2024 will include many catalysts that could drive a rerating."