The Globe and Mail reports in its Friday, Oct. 4, edition that BMO Capital Markets analyst Jeremy McCrea has downgraded his recommendation for Trican Well Service to "market perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. McCrea gave his share target a 50-cent boost to $5.50. Analysts on average target the shares at $5.91. Mr. McCrea says in a note: "[Trican Well Service] represents the highest quality pressure pumper in Canada, given its pristine balance sheet and top-tier return of capital program. That said, the lack of growth into 2025 combined with [Trican's] relatively expensive valuation causes us to take a more neutral approach to the shares." The Globe reported on Nov. 22 that National Bank Financial analyst Dan Payne had cut Trican to "sector perform" from "outperform." It was then worth $4.20. The Globe reported on Jan. 26 that Mr. Payne continued to rate the shares "sector perform," which were then worth $4.50. The Globe reported on Aug. 1 that BMO Capital analyst John Gibson was sticking with his "outperform" recommendation for Trican when it was going for $5.18.