The Globe and Mail reports in its Tuesday, Nov. 18, edition that TD Cowen analyst Aaron MacNeil has upgraded Superior Plus to "buy" from "hold." The Globe's David Leeder writes that Mr. MacNeil continues to target the shares at $8.50. Analysts on average target the shares at $9.15. Mr. MacNeil views the 21.1-per-cent drop in Superior Plus's share price on Friday following the release of weaker-than-anticipated third quarter results and a reduction to its full-year guidance as "an overreaction." Mr. MacNeil says in a note: "The prevailing share price equates to a six-times multiple on a 2025 estimated EV/EBITDA basis. Note that our unchanged 2026E EBITDA estimate implies $35-million, or 7.5-per-cent year-over-year growth, which we view as achievable given its Superior Delivers initiatives, but note that valuation would look attractive even with no improvement year-over-year. Therefore, investors do not need to see an improvement in performance to become more constructive on this story in our view. Superior will renew its NCIB in the coming days and remains committed to deploying $135-million/year to the buyback, which we believe will positively influence near-term share price performance at current levels."