Wells Fargo Upgrades Suncor Energy to Overweight, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has upgraded Suncor Energy (NYSE:SU) from Equal-Weight to Overweight and raised the price target from C$44 to C$54.
August 23, 2023 | 12:51 pm
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Suncor Energy's stock rating has been upgraded to Overweight by Wells Fargo, with a raised price target of C$54.
The upgrade from Equal-Weight to Overweight by Wells Fargo indicates a positive outlook for Suncor Energy. The raised price target from C$44 to C$54 suggests that the analyst expects the stock price to increase in the short term. This could potentially lead to an increase in the stock price as investors react to the news.
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