RBC Capital raised the firm’s price target on Precision Drilling (PDS) to C$140 from C$124 and keeps an Outperform rating on the shares. The firm is citing the company’s investor day focused on its strategic priority to drive revenue growth and deepen customer relationships through upgrades, operational excellence, and technology, also noting that Precision Drilling has incremental capital flexibility to compete for key customers and drive growth in addition to returning cash to shareholders, the analyst tells investors in a research note.
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