How To Earn $500 A Month From Sunoco Stock
Portfolio Pulse from Avi Kapoor
Sunoco LP (NYSE:SUN) shares rose slightly after JP Morgan raised its price target to $63. The company reported strong earnings and sales, beating analyst estimates. With a dividend yield of 6.55%, investors can earn $500 monthly by owning 1,713 shares. Dividend yields fluctuate with stock price changes.
September 16, 2024 | 12:30 pm
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Sunoco's stock saw a slight increase after JP Morgan raised its price target to $63. The company reported strong earnings and sales, exceeding expectations. With a 6.55% dividend yield, Sunoco is appealing for income-focused investors.
The increase in price target by JP Morgan and strong earnings report are positive indicators for Sunoco's stock. The high dividend yield further enhances its attractiveness to income investors, likely leading to a short-term price increase.
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