Raymond James analyst Luke Konschuh downgraded Superior Plus (SUUIF) to Market Perform from Outperform with a price target of C$8.50, down from C$9.75. Superior Plus delivered solid Q4 results, with adjusted EBITDA slightly above consensus and free cash flow ahead of estimates, driven by lower capital spending, but guidance was revised downward, reflecting slower-than-expected propane transformation and persistent compressed natural gas wellsite headwinds, with adjusted EBITDA growth now expected at about a 2% compound annual growth rate and free cash flow at a 20-25% CAGR, the analyst tells investors in a research note.
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Read More on SUUIF:
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