The Globe and Mail reports in its Tuesday edition that Desjardins Securities analyst Chris MacCulloch is sticking with his "hold" recommendation for MEG Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch elevated his share target to $30 from $27.50 (all figures Canadian unless otherwise stated). Analysts on average target the shares at $30.83. Mr. MacCulloch says in a note: "The stock continues building momentum with several important catalysts on the horizon, including the commissioning of TMX and achievement of the $600-million (U.S.) corporate net debt floor. Although neither event should come as a surprise, both should be highly supportive of capital returns. Longer-term, we also expect the reintroduction of modest growth at Christina Lake to be favourably received." The Globe reported on Nov. 30, 2022, that Mr. MacCulloch continued to rate MEG Energy "hold." It was then worth $19.15. The Globe reported on Dec. 8, 2023, that RBC analyst Greg Pardy had reaffirmed his "outperform" call for MEG Energy when it could be had for $23.83. The Globe reported on Jan. 11, 2024, that National Bank had reaffirmed its "sector perform" recommendation for MEG Energy. It was then worth $23.10.