Mizuho Maintains Neutral on Sunoco, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gabriel Moreen has maintained a Neutral rating on Sunoco (NYSE:SUN) and increased the price target from $53 to $55.

December 05, 2023 | 2:12 pm
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Mizuho analyst Gabriel Moreen has maintained a Neutral rating on Sunoco but raised the price target from $53 to $55, indicating a potential upside from the current trading level.
The increase in price target by Mizuho suggests a positive outlook on Sunoco's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100