National Bank Financial Inc Maintains Outperform on Suncor Energy, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Travis Wood has maintained an 'Outperform' rating on Suncor Energy (NYSE:SU) but lowered the price target from C$60 to C$57.

June 29, 2023 | 5:24 pm
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Suncor Energy's price target has been lowered from C$60 to C$57 by National Bank Financial, though the 'Outperform' rating is maintained.
The lowering of the price target by National Bank Financial could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the bank still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100