Sunoco LP SUN shares are trading up nearly 28 percent over the past month entering Wednesday's open, and the Vetr community has upgraded the company from 1.5 to 4.5 stars. Sunoco shares spiked in late February when UFJ Securities upgraded the company and since has been steadily declining. The company and Vetr raters are showing hope, however, that a positive second quarter earnings report on August 3rd will help the company make up ground it has lost in recent months.
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Vetr members have given Sunoco a Strong Buy rating and a $34.49 price target. This price target is lower than the $36.20 price target from Wall Street analysts. The company opened Wednesday around $30.20.
Of all Vetr raters, 72.7 percent believe traders and investors should buy Sunoco stock.
For Vetr’s full analysis of Sunoco, go here.
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