Globe says Enerflex elevated to "outperform" The Globe and Mail reports in its Friday, Aug. 6, edition that Raymond James analyst Andrew Bradford raised his rating for Enerflex to "outperform" from "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bradford is keeping his share target at $9.25. Analysts on average target the shares at $11.42. On Wednesday Enerflex posted earnings before interest, taxes, depreciation and amortization for the quarter of $36-million, exceeding the $34-million consensus estimate with its U.S. service business displaying its best performance since the start of the pandemic. Mr. Bradford says in a note: "For the better part of 2021 we have been advising patience on Enerflex. The minimal E&P infrastructure spending has resulted in historically low Engineered Systems bookings and an uncertain outlook for Enerflex's formerly largest segment. Enerflex's equity has generally traded in sympathy with its pace of bookings and not surprisingly the net result has been an equity that is flat since the start of the year (up just 3 per cent versus 43 per cent for its Canadian OFS peers). ... We believe the market is overpricing the impact of a slow engineered systems segment."