Desjardins Downgrades Suncor Energy to Hold, Announces C$49 Price Target
Portfolio Pulse from Benzinga Newsdesk
Desjardins analyst Chris MacCulloch has downgraded Suncor Energy from Buy to Hold and set a price target of C$49.
September 18, 2023 | 11:28 am
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NEGATIVE IMPACT
Suncor Energy has been downgraded from Buy to Hold by Desjardins with a price target of C$49.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100