RBC Capital raised the firm’s price target on Enerflex (EFXT) to $17 from $15 and keeps an Outperform rating on the shares. Enerflex reported a solid quarter, with EBITDA, free cash flow, and EPS well ahead of expectations, and the firm remains bullish on EFX shares given exposure to positive macro trends, expanding ROCE/financial metrics, and broadened capital allocation approach, the analyst tells investors in a research note.
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Read More on EFXT:
- Enerflex price target raised to $15.25 from $11.50 at CIBC
- Enerflex price target raised to C$23 from C$20 at BMO Capital
- Enerflex price target raised to C$23 from C$19 at TD Securities
- Enerflex’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
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