Superior Plus upgraded to hold at TD Cowen after shares fell about 20%
TD Cowen raised its rating on Superior Plus from sell to hold, arguing that the main downside risks for the stock have already played out after a roughly 20% decline.
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what happened
TD Cowen analyst Aaron MacNeil upgraded Superior Plus to hold from sell, Market Talk reports. In his view, the main downside risks for the shares have already been realized after the stock dropped roughly 20%.
The analyst said third-quarter 2026 results were in line with his expectations, and the Certarus unit performed better. However, the reduced guidance led him to cut his adjusted EBITDA estimates by 2% for 2026 and 5% for 2027. The main reason is an expected decline in propane segment margins, driven by excess planned capacity.
At the time of the report, the shares were down 1.8% at C$5.59 and had lost 21% year to date.
why it matters
The news concerns one company and one rating change, so its reach beyond Superior Plus is limited. It shows investors are focused on the propane business, where margins face pressure from excess capacity, rather than on broader energy market trends.
tags
instruments
sources
- Superior Plus Downside Risks Largely Played Out After Stock's Decline — Market Talk, 11 November 2026 at 19:18 UTC
- Superior Plus Downside Risks Largely Played Out After Stock's Decline — Market Talk, 11 November 2026 at 19:18 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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