The Globe and Mail reports in its Friday, Jan. 5, edition that Raymond James analyst Steve Hansen has lowered his recommendation for Superior Plus to "market perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen shaved his share target down to $11.50 from $12.50. Analysts on average target the shares at $13.15. Mr. Hansen says in a note: "Balmy winter weather is expected to weigh on SPB's 4Q23 volumes as the effects of El Nino drive near-record warmth across much of North America. In Canada, specifically, October and November degree days came in 3 per cent warmer vs. 2022 and 8 per cent warmer vs. the five-year average, while Eastern U.S. degree days were consistent vs. 2022 and 5 per cent warmer vs. the five-year average. Preliminary December data also supports warmer year-over-year temps. Looking into 1Q24, recent industry projections call for a continuation of mild weather through the balance of winter, further exacerbating near-term demand concerns. ... We continue to admire the firm's revitalized organic growth prospects. ... We feel the risk-reward scenario is more balanced near-term, hence our tactical decision to move to the sidelines."