The Globe and Mail reports in its Tuesday, Feb. 6, edition that ATB Capital Markets analysts Tim Monachello and Waqar Syed have named Total Energy Services their "top pick" while reiterating their "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Monachello and Mr. Syed boosted their share target by $1.25 to $17. Analysts on average target the shares at $15.75. The ATB analysts say a recent rally in Canadian energy services companies is supported by reduced risk profiles across the sector. The ATB analysts say in a note: "We expect strong operating performance and clean financials -- two keys on the path to rebuilding investor confidence. ... We do not foresee any 'new risks' emerging with Q4 results. We expect management will reiterate a solid top-and bottom-line growth outlook in 2024. We believe these factors will lead to a favourable AM Best rating outcome sometime in 2024. Lastly, our Q4-23 estimates are below consensus as we build in conservatism for what can be a seasonally weaker quarter. Overall, we see potential for Total Energy to deliver a solid recovery year in 2024 following a transition year in 2023 (including our softer view of Q4-23)."