Morgan Stanley Maintains Overweight on Suncor Energy, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benny Wong maintains an Overweight rating on Suncor Energy (NYSE:SU) and raises the price target from $50 to $52.
March 28, 2024 | 6:38 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Suncor Energy and raises the price target from $50 to $52.
The upgrade in the price target by a reputable analyst like Benny Wong from Morgan Stanley suggests a positive outlook on Suncor Energy's stock. This is likely to instill confidence in investors and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100