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CIBC Boosts Enerflex's Price Target to US$28 from US$25.50

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-- CIBC Capital Markets on Thursday increased Enerflex's (EFX.TO) price target to US$28 from $25.50 with a neutral rating.

Enerflex's first-quarter results were solid, with EBITDA surpassing expectations on limited capital expenditures, CIBC said.

The company's upcoming investor update will be a near-term catalyst for the shares, with further insight into future opportunities and how management will deploy capital across its business segments moving forward, CIBC said.

"The outlook surrounding power generation opportunities remains optimistic for Enerflex, with five gigawatts of potential projects representing a tenfold increase since Q3/25 commentary at 500 megawatts," CIBC said.

"While we do believe additional contract awards are required in order to keep momentum in the shares, the growth potential on this side remains intriguing," CIBC added.

Enerflex traded at $28.45 per share at last look Friday on New York Stock Exchange.

Price: $38.91, Change: $+0.17, Percent Change: +0.44%

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