The Globe and Mail reports in its Wednesday edition that TD Cowen analyst Aaron MacNeil has boosted his recommendation for Pason Systems to "buy" from "hold." The Globe's David Leeder writes that Mr. MacNeil jacked his share target up by $5 to $18. Analysts on average target the shares at $15. Mr. MacNeil says in a note: "Since May, 2025, Pason's stock has increased 24 per cent, materially lagging the peer average of 133 per cent. In this context, the premium that Pason has traded at historically relative to its peers has collapsed, with the company's NTM EV/EBITDA valuation expanding 1.7 times over the past year compared to the peer average of 2.4 times over the same time period. We believe that a relative premium for Pason is warranted given the company's high barriers to entry, strong operating leverage, low sustaining capital spending commitments, no debt and attractive yield. As such, with a potential improvement in the outlook, we believe Pason represents a strong buying opportunity for investors at this time. We have seen a more constructive outlook from many D&C-exposed energy services companies so far in the Q1/26 reporting period, driven primarily by incremental spending from smaller, private E&P's."