Citigroup Upgrades Sunoco to Buy, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Spiro Dounis upgraded Sunoco (NYSE:SUN) from Neutral to Buy and increased the price target from $54 to $65, indicating a positive outlook for the company's stock.
January 24, 2024 | 11:03 am
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Citigroup upgraded Sunoco to Buy from Neutral and raised the price target to $65, suggesting a bullish stance on the stock's future performance.
Upgrades by analysts, especially from neutral to buy, typically signal confidence in a company's future performance and can lead to increased investor interest and a potential rise in stock price. The raised price target further reinforces this positive sentiment.
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