The Globe and Mail reports in its Friday edition that Desjardins analyst Chris MacCulloch has elevated his recommendation for NuVista Energy to "buy" from "hold." The Globe's David Leeder writes that Mr. MacCulloch gave his share target a $3.50 boost to $20.50. Analysts on average target the shares at $18.13. Mr. MacCulloch says in a note: "Since our Aug. 26 downgrade of the stock, NuVista has delivered a 9.8-per-cent return, which has outperformed the S&P/TSX Capped Energy Index return of 0.9 per cent (excluding dividends). To state the obvious, we got the call wrong. Recall that our downgrade was partially commodity price–driven, which disproportionately weighs on NuVista's FCF generation given its elevated operational leverage, stemming in part from the heavy utilization of third-party infrastructure. While cautioning that the exact timing for the start-up of the CSV Midstream Albright plant and the subsequent ramp to full capacity remains an open question, we highlight that the expected conclusion of recent infrastructural hiccups should boost corporate production above the 100,000 boe/d level for the first time, with little remaining operational risk given that wells are already standing behind pipe."