The Globe and Mail reports in its Tuesday, Feb. 4, edition that TD Cowen analyst Aaron MacNeil has lowered his rating for Precision Drilling to "hold" from "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacNeil gave his share target a $20 trim to $100. Analysts on average target the shares at $126.38. Mr. MacNeil says in a note: "To align with our peers covering the U.S. energy services sector, we have changed our definition of EBITDA (previously EBITDAS), which previously added back stock-based compensation from earnings. Our FCF yield calculation also changes. Finally, we have made some modest changes to our DCF methodology. These changes have been applied consistently across our sector coverage. In this context, our EBITDA estimate revisions (2025E: down 10 per cent, 2026E: down 8 per cent) for Precision are more pronounced than they otherwise would be." The Globe reported on April 26 that Raymond James rated Precision "strong buy." The shares were then going for $98.91. The Globe reported on Aug. 1 that BMO rated Precision "outperform." It was then worth $106.22. The Globe reported on Oct. 9 that Mr. MacNeil had reaffirmed his "buy" call for Precision, which was then worth $85.96.