The Globe and Mail reports in its Friday edition that Raymond James analyst Michael Barth has reaffirmed his "outperform" recommendation for Enerflex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Barth gave his share target a 75-cent boost to $17.75. Analysts on average target the shares at $15.09. Mr. Barth says in a note: "Element Fleet's recent share price performance (starting with the DeepSeek news in late January) has been disappointing, but the business continues to outperform both our expectations and consensus. Our target actually moves higher given what we see as an improving outlook, and it's our view that consensus estimates are too low for 2025/2026. While NCIB timing remains elusive (likely frustrating some investors), we would be surprised not to see a buyback program implemented this year. Valuation looks increasingly compelling to us given the pullback, and we reiterate our 'outperform' rating." The Globe reported on March 1, 2024, that Mr. Barth rated Enerflex "outperform." The shares could then be had for $8.45. The Globe reported on Nov. 15, 2024, that TD Cowen analyst Aaron MacNeil had reaffirmed his "buy" recommendation for Enerflex. The shares were then going for $11.75.
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