The Globe and Mail reports in its Wednesday, July 16, edition that Raymond James analyst Luke Davis continues to rate PrairieSky Royalty "market perform." The Globe's Darcy Keith writes that Mr. Davis raised his share target by a loonie to $29. Mr. Davis says in a note: "PrairieSky's 2Q25 earnings printed a beat on both volumes and cash flows, while posting record oil volumes of 14.4 mboe/d (plus 8 per cent y/y) despite ongoing macro uncertainty. We expect PrairieSky's liquids-weighted exposure in the Clearwater, Mannville and Duvernay to present the most meaningful operational momentum into the second half, alongside advancements in multilateral drilling, which we expect to drive the bulk of oil-weighted volume growth for the foreseeable future. In our view, PrairieSky's defensive royalty model has carved a path for sustained shareholder returns with upside through countercyclical M&A and share buybacks -- the latter of which we expect to become more meaningful through the balance of the year." The Globe reported on Jan. 31 that National Bank rated PrairieSky "sector perform." It was then worth $27.06. The Globe reported on April 10 that TD had upgraded PrairieSky to "buy" from "hold." It was then worth $24.26.