UBS Initiates Coverage On Suncor Energy with Buy Rating, Announces Price Target of C$48
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Lloyd Byrne has initiated coverage on Suncor Energy (TSX:SU) with a Buy rating and a price target of C$48.
July 12, 2023 | 10:43 am
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UBS has initiated coverage on Suncor Energy with a Buy rating and a price target of C$48, which could potentially boost the stock's performance.
The initiation of coverage by UBS with a Buy rating indicates a positive outlook for Suncor Energy. The price target of C$48 suggests that UBS believes the stock has significant upside potential. This could attract more investors to the stock, potentially driving its price up in the short term.
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IMPORTANCE 80
RELEVANCE 100