UPDATE: Goldman Sachs Upgrades Sunoco To Neutral

By Steven Anfield
Benzinga Staff Writer
September 09, 2011 9:13 AM

Symbols: SUN

Posted in: Analyst Color, Upgrades, Analyst Ratings

According to Goldman Sachs, Sunoco (NYSE: SUN) is upgraded to Neutral.

Goldman Sachs said that it upgrades shares of Sunoco to Neutral from Sell previously. “With the recent IPO of SunCoke Energy adding confidence to our view of the valuation of that business and Sunoco now looking to eliminate the cash burn risk from refining, risk/reward looks improved to us.”

Sunoco closed yesterday at $37.56.

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UPDATE: Goldman Sachs Upgrades Sunoco To Neutral

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