Analyst Actions: Flint Energy Services Up Off Yr Lows as TD Newcrest Upgrades it to Buy

Flint Energy Services Ltd. (FES.TO) reported second quarter results that were well above expectations and show an improving business that should continue to grow both top-line revenue and EBITDA margins through 2011 and into 2012, TD Newcrest analyst Scott Treadwell is cited as saying in a Globe and Mail report. "As oil sands construction and drilling-related activity continues, we expect Flint to capture incremental work and continue to benefit from positive catalysts," he reportedly said.

Treadwell upgraded Flint Energy to a Buy from Hold, and raised his price target by $1 to $17.50.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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