The Globe and Mail reports in its Wednesday, Feb. 28, edition that Stifel analyst Cody Kwong has reaffirmed his "buy" recommendation for Enerplus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwong gave his share target a 50-cent trim to $27.25. Analysts on average target the shares at $24.15. Mr. Kwong says in a note: "On Feb. 21 it was announced that Enerplus will be acquired by Chord Energy to create the largest Bakken producer in the Williston basin, with a proforma market cap of over $10-billion (U.S.). The implied transaction valuation, based on the closing price of Chord the day before the transaction was announced, was $25.40/sh, which comes in at the high end of our previously estimated take-out range of between $22-$26/sh, a clear recognition of the depth and quality of Enerplus's Bakken assets. With our view that Enerplus received a fair value for its assets while excited about the combined entity ahead, we are moving our target price to $27.25, reflecting the exchange ratio to the new Chord target price, plus the cash and incremental dividend component."