The Globe and Mail reports in its Wednesday, Oct. 9, edition that TD Cowen analyst Aaron MacNeil has reaffirmed his "hold" recommendation for Trican Well Service. The Globe's David Leeder writes that Mr. MacNeil gave his share target a 25-cent trim to $4.75. Analysts on average target the shares at $5.84. Mr. MacNeil believes Canada's energy services sector "lacks positive momentum" after reducing his activity forecasts for the third quarter. Mr. MacNeil says in a note: "We do not believe that the recent geopolitical risk premium embedded in crude will translate to an increase in drilling. ... We are reducing our estimates, alongside a reduction to our activity forecasts. Recall that Q2/24 was unseasonably strong as producers pulled forward activity to avoid potential drought/fire conditions." The Globe reported on Sept. 29, 2023, that Mr. MacNeil had cut Trican to "hold" from "buy." The shares could then be had for $4.65. The Globe reported on Aug. 1, 2024, that BMO Capital analyst John Gibson was sticking with his "outperform" recommendation for Trican when it was going for $5.18. The Globe reported on Oct. 4, 2024, that BMO cut Trican to "market perform" from "outperform." The shares were then worth $4.76.