Mizuho Downgrades Sunoco to Neutral, Announces $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gabriel Moreen has downgraded Sunoco (NYSE:SUN) from Buy to Neutral and set a price target of $53.
September 29, 2023 | 12:55 pm
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NEGATIVE IMPACT
Sunoco's stock has been downgraded to Neutral from Buy by Mizuho, with a price target of $53.
The downgrade from Buy to Neutral by Mizuho indicates a less optimistic outlook for Sunoco's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their positions based on this new rating. The price target of $53 provides a benchmark for investors to evaluate the stock's potential value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100