Raymond James Maintains Outperform on Sunoco, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained an Outperform rating on Sunoco (NYSE:SUN) and increased the price target from $55 to $65.
January 19, 2024 | 9:38 am
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Raymond James analyst Justin Jenkins has reaffirmed Sunoco's Outperform rating and raised the price target from $55 to $65, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst firm like Raymond James typically signals a bullish outlook on the stock, suggesting that the analyst sees potential for the stock to rise to the new target price. This can often lead to increased investor confidence and a potential short-term increase in the stock price.
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