Wells Fargo Maintains Overweight on Suncor Energy, Lowers Price Target to C$60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Suncor Energy but lowers the price target from C$68 to C$60.
September 27, 2024 | 3:53 pm
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Wells Fargo has maintained its Overweight rating on Suncor Energy but has lowered the price target from C$68 to C$60, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a more cautious outlook on Suncor Energy's future performance, which could lead to a short-term negative impact on the stock price.
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IMPORTANCE 70
RELEVANCE 80