RBC Capital analyst Keith Mackey raised the firm’s price target on Enerflex (EFXT) to $15 from $13 and keeps an Outperform rating on the shares. The company remains in strong position to capitalize on natural gas demand growth and has an improving free cash flow profile, which should drive an inflection in shareholder returns, the analyst tells investors in a research note. Enerflex shares also remain attractively valued, and continued operational performance and judicious capital allocation should close the gap to peers, the firm added.
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Read More on EFXT:
- Enerflex Ltd. Appoints Paul Mahoney as New CEO to Drive Strategic Growth
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- Enerflex Ltd. Reports Record EBITDA Amid Leadership Changes
- Enerflex price target raised to C$18.25 from C$17.75 at Raymond James
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