The Globe and Mail reports in its Tuesday, Nov. 18, edition that RBC Capital Market analyst Greg Pardy has reaffirmed his "outperform" recommendation for Cenovus Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pardy gave his share target a $2 boost to $32. Analysts on average target the shares at $28.32. Mr. Pardy says in a note: "Our recent field trip to Cenovus Energy's 151,000 bbl/d Toledo refinery made us believers in its resolute steps to overhaul its U.S. refining segment. ... Aside from the importance of upstream-downstream integration, the uneven operating/financial performance of the company's U.S. refining segment has disproportionally impacted its market cap at times. Thus, getting its U.S. downstream humming on a sustained basis could support ongoing relative share price appreciation/outperformance." The Globe reported on Aug. 1 that Mr. Pardy was keeping his "outperform" ranking for Cenovus Energy intact. The shares could then be had for $20.43. The Globe reported on Oct. 10 that Raymond James analyst Michael Barth had upgraded Cenovus Energy to "strong buy." The shares were then going for $25.36.