Deutsche Bank Bumps Suncor Energy (SU) On Valuation

Deutsche Bank upgrades Suncor Energy (NYSE: SU) from “sell” to “hold.” The price target for SU has been raised from $20 to $28.

Deutsche Bank believes that SU’s valuation is attractive. However, the analysts continue to prefer Canadian Natural (NYSE: CNQ) to Suncor and have raised their target price on CNQ from $78 to $80.

While SU’s shares have added 1.60% to $29.80 in pre-market trading, CNQ lost 0.09% in after hours.

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