Goldman Sachs Reiterates Neutral Rating on Sunoco

Goldman Sachs is out with a research report this afternoon, where it reiterates its Neutral rating on Sunoco (NYSE: SUN); it has a $43.00 price target on the stock.

The GS analysts cited the company's recent earnings results, which missed estimates on an adjusted basis. The variance was due to lower refining earnings and higher corporate expenses, which were partially offset by better than expected Logistics income and an income tax benefit.

Goldman's 4Q2011/2012-2015 EPS estimates are unchanged.