Mizuho Maintains Neutral Rating for Sunoco: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has maintained a Neutral rating for Sunoco (NYSE:SUN) and increased its price target from $53.00 to $55.00. Sunoco's shares have risen 1.47% in the last 24 hours to $54.00. The new price target suggests a modest 1.85% potential upside. Sunoco is a master limited partnership involved in wholesale and retail fuel distribution in the U.S., and is the official fuel of NASCAR.
December 05, 2023 | 5:01 pm
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POSITIVE IMPACT
Mizuho maintains a Neutral rating on Sunoco but raises the price target from $53 to $55, indicating a potential upside of 1.85% from the current price.
The increase in price target by Mizuho suggests a positive outlook on Sunoco's stock, albeit modest. As the price target is only slightly above the current trading price, the impact is likely to be positive but limited. The Neutral rating indicates that Mizuho does not see significant upside or downside potential, which could temper investor reactions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100