The Globe and Mail reports in its Tuesday, Sept. 12, edition that RBC Capital Markets analyst Greg Pardy has reaffirmed his "sector perform" ranking for MEG Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pardy raised his share target by $3 to $27. Analysts on average target the shares at $26.79. Mr. Pardy says in a note: "Our constructive stance toward MEG Energy reflects its capable leadership team, solid operating performance, balance sheet deleveraging via absolute debt reduction, and rising shareholder returns. [The target price upgrade] reflects MEG's potential acceleration to 100-per-cent free cash flow payout in the first half of next year." The Globe reported on Oct. 6 that Mr. Pardy had reaffirmed his "buy" recommendation for MEG Energy, which was then worth $19.04. The Globe reported on March 2 that National Bank Financial analyst Travis Wood had downgraded MEG Energy to "sector perform" from "outperform." The shares could then be had for $21.99. The Globe reported on May 24 that Scotia Capital analyst Jason Bouvier had elevated his recommendation for MEG Energy to "sector outperform" from "sector perform." The shares were then worth $21.38.