Superior Plus (SPB) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Superior Plus (TSE: SPB) recently:

• 2/23/2026 – Superior Plus was downgraded by TD Securities from “strong-buy” to “hold”.
• 2/23/2026 – Superior Plus had its price target lowered by ATB Cormark Capital Markets from C$9.00 to C$8.00. They now have an “outperform” rating on the stock.
• 2/23/2026 – Superior Plus was downgraded by Scotiabank from “outperform” to “hold”. They now have a C$6.50 price target on the stock, down from C$8.50.
• 2/23/2026 – Superior Plus was downgraded by Raymond James Financial, Inc. from “moderate buy” to “hold”. They now have a C$8.50 price target on the stock, down from C$9.75.
• 2/23/2026 – Superior Plus had its price target lowered by National Bank Financial from C$7.00 to C$6.00. They now have a “sector perform” rating on the stock.
• 2/23/2026 – Superior Plus had its price target lowered by Stifel Nicolaus from C$10.00 to C$9.00. They now have a “buy” rating on the stock.
• 2/23/2026 – Superior Plus was downgraded by Desjardins from “buy” to “hold”. They now have a C$7.00 price target on the stock, down from C$8.75.
• 2/23/2026 – Superior Plus had its price target lowered by Royal Bank Of Canada from C$11.00 to C$10.00. They now have an “outperform” rating on the stock.
• 2/20/2026 – Superior Plus had its price target lowered by TD Securities from C$8.50 to C$7.00. They now have a “buy” rating on the stock.
• 2/20/2026 – Superior Plus was downgraded by BMO Capital Markets from “outperform” to “hold”. They now have a C$8.00 price target on the stock, down from C$9.00.
• 2/20/2026 – Superior Plus was downgraded by Canadian Imperial Bank of Commerce from “outperform” to “hold”. They now have a C$8.00 price target on the stock, down from C$9.00.
• 2/4/2026 – Superior Plus had its price target raised by Desjardins from C$9.00 to C$9.75. They now have a “buy” rating on the stock.

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.