RBC Capital Maintains Outperform on Suncor Energy, Raises Price Target to C$60
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Greg Pardy has maintained an Outperform rating on Suncor Energy (TSX:SU) and raised the price target from C$58 to C$60.
May 09, 2024 | 5:22 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Suncor Energy and increased the price target from C$58 to C$60.
The upgrade in the price target by a reputable analyst like Greg Pardy from RBC Capital suggests a positive outlook on Suncor Energy's stock. This is likely to instill confidence among investors, potentially leading to a short-term increase in the stock price. The Outperform rating reaffirms the analyst's positive view on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100