The Globe and Mail reports in its Friday edition that RBC Capital Markets analyst Luke Davis has lowered his recommendation for Parex Resources to "sector perform" from "outperform," while raising his share target to $30 from $28. The Globe's David Leeder writes that analysts on average target the shares at $35.03. Mr. Davis says in a note: "We downgrade Parex shares to 'sector perform' given valuation discount to peers has substantially narrowed. In our view, management's reinvigorated focus on its large Colombian exploration portfolio is being appreciated by investors with fiscal clarity removing a key overhang earlier in the year. While internal execution remains strong, we believe there is more near-term upside elsewhere." The Globe reported on Sept. 3, 2021, that Mr. Davis elevated his recommendation for Parex Resources to "outperform" from "sector perform." The shares could then be had for $21.15. The Globe reported on Sept. 3 that Mawer Investment manager Jeff Mo called Parex Canada's "best-run" oil company. It was then worth $21.08. The Globe reported on Jan. 19, 2023, that Barclays analyst Anthony Linton began coverage on Parex with an "overweight" rating. The shares could then be had for $22.17.