The Globe and Mail reports in its Friday, Sept. 29, edition that TD Securities analyst Aaron MacNeil lowered his recommendation for Trican Well Service to "hold" from "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacNeil shaved his share target by 50 cents to $5.50. Analysts on average target the shares at $5.94. Mr. MacNeil says in a note: "Our downgrade to 'hold' and reduced target price of $5.50 are a function of both its significantly increased share price and downward revisions to estimates. In our view, Trican's outlook remains robust, and believe it continues to pursue initiatives that create shareholder value, including its long-term commitment to share buybacks, recently introduced dividend, accretive upgrades to low-emission frac fleets, and maintaining price discipline." The Globe reported on Dec. 10, 2021, that Mr. MacNeil continued to rate Trican "hold." The shares were then worth $2.85. The Globe reported on Nov. 16, 2022, that Canaccord Genuity analyst John Bereznicki gave his share target a boost to $5.75 from $4.75 after Trican posted better-than-expected third quarter results. He rated Trican "buy." It was then going for $3.92.