Enerflex upgraded to Outperform from Sector Perform at National Bank

National Bank upgraded Enerflex to Outperform from Sector Perform with an unchanged C$10 price target. The company appears to be turning the corner, with its recent operations update implying a solid profile of recent earnings, free cash and de-leveraging, the analyst tells investors in a research note. A sound outlook by Enerflex that would validate its earnings, in addition to further streamlining of efficiencies across the business, should confirm its ultimate value profile in support of multiple re-expansion and shareholder value, the firm added.