Desjardins Raises - G&MDesjardins Securities’ Gary Ho raised his Superior Plus Corp. (SPB-T +1.15%increase
) target to $14 from $13.50 with a “buy” rating. The average is $13.42.
“We trimmed our 2Q EBITDA to $40-million from $45-million, adjusting for the timing of the closing of Certarus and continued robust propane margins, offset by warmer weather,” said Mr. Ho. “Consensus of $51-million is not directly comparable (some estimates include a full quarter from Certarus). We believe Certarus is performing well and could reach the higher end of full-year guidance.”