The Globe and Mail reports in its Friday, Jan. 9, edition that National Bank Financial analysts Dan Payne and Travis Wood are keeping their "sector perform" recommendation for Precision Drilling intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne and Mr. Wood gave their share target a $20 boost to $120. Analysts on average target the shares at $115.55. The National Bank analysts say in a note: "A core position in the OFS group, it maintains a solid value proposition as a function of the diversity of its operations, with structural support in Canada (multi-laterals) and gas (in both the U.S. and Canada), plus complements of its C&P and international units (each representing examples of topical assets that could be repriced in a world where excess capacity is potentially absorbed in a revived LATAM industry), insulating its utilization and earnings through a continued muted environment. To that end, it is an ideal example of a historically cyclical business that is proving far more stable and industrialized, which should continue to elicit an improving valuation in the context of its ample (low risk) free cash and (expanding) return of capital prospects."