Stifel Upgrades Sunoco to Buy, Maintains Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Selman Akyol has upgraded Sunoco (NYSE:SUN) from Hold to Buy, maintaining the price target at $62.
June 07, 2024 | 9:27 am
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POSITIVE IMPACT
Stifel analyst Selman Akyol has upgraded Sunoco from Hold to Buy, maintaining the price target at $62. This upgrade could positively impact Sunoco's stock price in the short term.
The upgrade from Hold to Buy by a reputable analyst at Stifel suggests increased confidence in Sunoco's future performance. Maintaining the price target at $62 indicates that the analyst believes the stock is undervalued at its current price, which could lead to increased investor interest and a positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100