The Globe and Mail reports in its Friday, July 4, edition that National Bank Financial analyst Dan Payne has reaffirmed his "sector perform" recommendation for Trican Well Service. The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne gave his share target a 75-cent boost to $6.50. Analysts on average target the shares at $6.21. Mr. Payne sees Trican's $230-million acquisition of Iron Horse Energy Services as "a logical transaction for the business, by adding complementary assets within its core businesses, while diversifying its regional, geological and commodity exposures (generally higher oil bias noted)." Iron Horse is a privately owned fracturing and coiled tubing services provider operating primarily in the Cardium, Charlie Lake, Mannville Stack, Viking, Montney and Shaunavon plays in the Western Canadian sedimentary basin. Mr. Payne says in a note: "[The deal] in our view, offers ample opportunity to leverage idle assets (with minimal incremental capital) to maximize utilization and operating leverage within the business. To that end, we expect the magnification of earnings through integration of these assets could be a future source of outperformance."