Wells Fargo Upgrades Suncor Energy to Overweight, Raises Price Target to C$54
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Roger Read has upgraded Suncor Energy from Equal-Weight to Overweight and raised the price target from C$44 to C$54.
August 23, 2023 | 9:47 am
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NEUTRAL IMPACT
Wells Fargo's analyst has upgraded Suncor Energy, which could influence investor sentiment towards Wells Fargo.
While the news is about Wells Fargo's analyst's actions, it doesn't directly impact Wells Fargo's operations or financials. However, it could influence investor sentiment towards the bank's stock analysis capabilities.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Suncor Energy has been upgraded to Overweight by Wells Fargo with a raised price target, which could positively impact the stock.
The upgrade from Equal-Weight to Overweight and the raised price target by Wells Fargo's analyst could lead to increased investor confidence in Suncor Energy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100