Barclays Maintains Overweight on Sunoco, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen has maintained an Overweight rating on Sunoco (NYSE:SUN) and increased the price target from $57 to $64.
January 17, 2024 | 11:42 am
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Barclays analyst Theresa Chen maintains an Overweight rating on Sunoco and raises the price target from $57 to $64, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a bullish sentiment on Sunoco's stock, suggesting that the analyst sees potential for the stock to rise to the new target price. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100