The Globe and Mail reports in its Wednesday, Sept. 18, edition that RBC Capital analyst Michael Harvey, citing a more constructive outlook on PrairieSky Royalty's future multilateral drilling prospects, boosted his recommendation to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Harvey gave his share target a $2 boost to $33. Analysts on average target the shares at $30.02. Mr. Harvey says in a note: "While we are mindful of PrairieSky's elevated valuation, we see the company's suite of assets as top-tier, which should ultimately be the key long-term driver of value. ... We model company volume growth rates of 3 to 4 per cent over the next several years, which we see as reasonable. PrairieSky trades at a premium to Canadian peers, which we see as justified, while noting a discount to select U.S. mineral and energy royalty peers." The Globe reported on April 24 that Stifel analyst Michael Dunn continued to rate PrairieSky "buy." The shares could then be had for $27.04. The Globe reported on July 18 that Mr. Harvey had reiterated his "sector perform" recommendation for PrairieSky Royalty. The shares could then be had for $28.08.