The Globe and Mail reports in its Friday edition that naming Peyto Exploration and Development to TD Securities' "Best Ideas 2026" list, analyst Aaron Bilkoski raised his share target to $25 from $23, exceeding the $22.67 average, with a "buy" call. The Globe's David Leeder writes that Mr. Bilkoski says in a note: "WCSB natural gas prices should improve through late-2026. Peyto provides a strong combination of limited near-term downside risk to cash flow and among the highest medium-term WCSB exposure. We expect Peyto to continue to achieve the highest cash margins among peers and, with significant spare processing capacity, this is truly a lower-risk, gas manufacturing machine that trades at an attractive FCF-yield. Although investors typically view this is as a well-hedged, dividend (6-per-cent yield) vehicle, we believe this understates Peyto's competitive position as one of Canada's best natural gas producers. If investors look beyond the hedge-supported CF and dividend yield, they'll find that Peyto leads the Canadian gas-weighted peers on an array of key performance indicators. Despite the positive attributes, Peyto remains one of the most attractively valued Canadian gas-focused E&Ps on the basis of FCF yield."