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CIBC upgrades Superior Plus on valuation after selloff

CIBC analyst Robert Catellier upgraded Superior Plus (SUUIF) to Outperformer from Neutral with a C$9 price target The firm cites valuation for the upgrade following the share selloff post the company’s Q3 report. The cold weather to start Q4 helps Superior Plus, but “durable value creation” hinges on management executing the “Superior Delivers” plan, the analyst tells investors in a research note.

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