The Globe and Mail reports in its Wednesday edition that Stifel's Daryl Young started coverage on Superior Plus with a "buy" call. The Globe's David Leeder writes that Mr. Young calls Superior Plus one of his "special situations." He targets the shares at $13. Analysts on average target the shares at $13.25. Mr. Young says in a note: "Superior Plus also falls into the valuation bucket for us, partly due to its elevated leverage, but more so given its challenging execution track-record and lacklustre 10-year growth/returns profile. However, we are optimistic that its performance will improve from here given its transformative moves to create a pure-play energy distribution platform, underpinned by the Certarus growth engine, and with an all new C-suit in place. In our view, the business has been simplified, which should bring to light areas for improvement in execution. We don't hold Superior's cash flow stream in quite the same regard as dentistry or death-care services given the unpredictability of the weather on propane heating demand but it does still tick the box of resilient and recurring and the distribution model generates strong FCF, so we are relatively comfortable with SPB's leverage at 3.6 times."