RBC maintains Calfrac stock with CAD$5.00 target amid EBITDA miss
Investing.com -- On Thursday, RBC (TSX:RY) Capital Markets analyst Keith Mackey reiterated a Sector Perform rating for Calfrac Well Services Ltd . (TSX:CFW) with a price target of CAD$5.00, despite expressing a negative sentiment following the company's fourth-quarter results. Calfrac's adjusted EBITDA for the quarter was $35 million, falling short of both street and RBC's expectations by 15% and 19%, respectively, due to weaker performance in North America.