Scotiabank downgraded Superior Plus (SUUIF) to Sector Perform from Outperform with a price target of C$6.50, down from C$8.50. The company’s setbacks to both its business lines, capital allocation, and balance sheet health make share outperformance “more elusive,” the analyst tells investors in a research note. Scotiabank does not recommend buying the selloff in the shares.
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Read More on SUUIF:
- Superior Plus downgraded to Hold from Buy at TD Securities
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