The Globe and Mail reports in its Wednesday, Oct. 9, edition that TD Cowen analyst Aaron MacNeil has reaffirmed his "buy" recommendation for Precision Drilling. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacNeil slashed his share target by $20 to $120. Analysts on average target the shares at $133.48. Mr. MacNeil believes Canada's energy services sector "lacks positive momentum" after reducing his activity forecasts for the third quarter. Mr. MacNeil says in a note: "We do not believe that the recent geopolitical risk premium embedded in crude will translate to an increase in drilling. ... We are reducing our estimates, alongside a reduction to our activity forecasts and expect it will miss its Q3/24 Canadian gross margin/day guidance (rig mix, reactivation costs), with Canadian activity in [August and September] also at the low end of its 75-80 August range." The Globe reported on April 26 that Raymond James analyst Michael Barth had reaffirmed his "strong buy" recommendation for Precision Drilling. The shares were then going for $98.91. The Globe reported on Aug. 1 that BMO analyst John Gibson rated Precision "outperform." It was then worth $106.22.