The Globe and Mail reports in its Wednesday, Feb. 18, edition that National Bank Financial analyst Dan Payne is keeping his "sector perform" call on Enerflex intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne gave his share target a $5 boost to $29. Analysts on average target the shares at $26.81. Mr. Payne says in a note: "Enerflex stock is up two to three times since troughing in April, 2025, driving meaningful multiple expansion to a valuation of around 4.5 to five times EV/EBITDA, but still at a material discount to industry peers (trading around six to eight times). The beginnings of a considerable turnaround, and the questions remain: a) what do investors hold today (established value), and b) what could the upside from here be (opportunistic value)? In our view, we are seeing the initial phases of a transition from what has been a highly 'narrative-based' name to greater opportunistic value in a more 'fundamentally driven' stock. ... We distill a roadmap for value expectations of the company going forward; spoiler alert, we see a well-established net value of $22 (U.S.) per share in its base business (20-per-cent upside to current trading)."