The Globe and Mail reports in its Friday, Dec. 8, edition that RBC Capital analyst Keith Mackey has reaffirmed his "outperform" recommendation and $19 share target for Pason Systems. The Globe's David Leeder writes that analysts on average target the shares at $16.43. Mr. Mackey says in a note, "We are adding Pason Systems to the Energy Best Ideas list following its announcement to acquire the remaining outstanding shares in Intelligent Wellhead Systems (IWS), which provides a differentiated growth opportunity and an opportunity for Pason to apply its competencies in land drilling to well completions." The Globe reported on June 16 that Stifel kept Pason at "hold" when it could be had for $11.66. The Globe reported on July 6 that TD Securities analyst Aaron MacNeil rated Pason Systems "buy" in new coverage. The shares could then be had for $11.50. The Globe reported on Nov. 7, edition that RBC Capital analyst Keith Mackey had reiterated his "outperform" recommendation for Pason Systems. Mr. Mackey noted that Pason was on RBC's Canadian Small Cap Conviction list. He said, "We continue to view Pason as an attractive way to gain exposure to E&P drilling capex spend." The shares could then be had for $13.66.
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