The Globe and Mail reports in its Tuesday, April 22, edition that National Bank Financial analyst Dan Payne has reaffirmed his "sector perform" call on Pason Systems. The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne cut his share target by $2.50 to $17. Analysts on average target the shares at $16.30. While acknowledging the macroeconomic pressures brought on by the U.S. government's trade policy have made it "an uncertain time" for oil-field services providers, Mr. Payne thinks "patience should be rewarded" for investors with a longer-term perspective. Mr. Payne says in a note: "Nearly the only OFS player in pursuit of reinvestment and growth, the company is realizing positive increments in an otherwise flat to down activity market, which continues to differentiate it against the peers. Perspective on the quarter should prove that profile out." The Globe reported on Nov. 22 and Jan. 26 that Mr. Payne reiterated his "sector perform" call for Pason Systems when the shares were worth $14 and $15.38. The Globe reported on April 18 that RBC analyst Keith Mackey was keeping his "outperform" recommendation for Pason Systems intact. It was then worth $10.96.
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