RBC Capital Maintains Outperform on Sunoco, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Elvira Scotto maintains an Outperform rating on Sunoco and raises the price target from $60 to $63.
October 16, 2024 | 5:09 pm
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RBC Capital has increased its price target for Sunoco from $60 to $63 while maintaining an Outperform rating, indicating positive expectations for the stock.
The increase in price target from $60 to $63 by RBC Capital suggests a positive outlook for Sunoco's stock. Maintaining an Outperform rating indicates that the analyst expects the stock to perform better than the market average. This is likely to have a positive short-term impact on the stock price as investors may view this as a bullish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100