National Bank Bumps Up Trican Well Service Price Target By 56%

April 25, 2022 6:22 AM | 1 min read | Make a Comment

Trican Well Service Ltd TCW TOLWF has been upgraded to Outperform from Sector Perform, and the price target was raised to C$6.25 from C$4 by National Bank analyst Dan Payne.
The analyst sees the company's high-rate of change value fundamentals getting increasingly visible.
Payne mentions that Trican's compounding outlook creates a robust backdrop for free cash flow generation and affords optionality to the expected return of capital activities.
Price Action: TCW shares closed lower by 1.37% at C$4.31 on TSX, and TOLWF lower by 2.8% at $3.38 on Friday.