The Globe and Mail reports in its Thursday, July 6, edition that TD Securities analyst Aaron MacNeil rates Pason Systems "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacNeil set a share target of $16, which is 57 cents lower than the consensus. Mr. MacNeil says in a note: "We believe Pason offers investors who are seeking North American drilling activity exposure to several desirable qualities, including a technology-focused, capital-light business, limited competitors, lack of financial leverage, and a long history of providing returns to shareholders. As a result, Pason has historically traded at a premium valuation to the energy services coverage universe. However, its relative premium has eroded in recent months, and we view the current valuation as attractive in the context of historical relative valuation trends. Despite recent North American natural-gas commodity price weakness and its impact on near-term activity, our long-term industry outlook remains positive." The Globe reported on June 16 that Stifel analyst Cole Pereira was maintaining his "hold" recommendation for Pason Systems. Its shares could then be had for $11.66.