Raymond James upgraded Enerflex (EFXT) to Strong Buy from Outperform with a price target of C$25, up from C$24.50. Enerflex is viewed as the strongest risk/reward opportunity in the group, supported by improved operations, a solid balance sheet, and durable gas-driven tailwinds, the analyst tells investors in a research note. The updated price target implies 26% upside and assigns no value to potential gains from a Kurdistan resolution or progress in the power segment, the firm notes.
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