JP Morgan Maintains Neutral on Sunoco, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrew Burd maintains a Neutral rating on Sunoco (NYSE:SUN) and raises the price target from $47 to $48.
October 10, 2023 | 4:51 pm
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POSITIVE IMPACT
JP Morgan maintains a Neutral rating on Sunoco and raises the price target from $47 to $48. This could potentially indicate a slight increase in the stock's value.
The raised price target by JP Morgan indicates a potential increase in Sunoco's stock value. However, the Neutral rating suggests that the stock is expected to perform in line with the market or other comparable companies. Therefore, while the news is positive, it does not necessarily indicate a significant increase in the stock's value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100