Shares of smid cap Sunoco LP SUN have had a tough year, having lost almost 18 percent year-to-date. However, most of the losses were registered in the first 40 days of 2016. Between February 12 and April 29, the shares managed to recuperate more than 54 percent of their value. But, since that date, they once again started to tumble, losing roughly 10.5 percent.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Following the most recent decline, top raters at the Vetr community decided to upgrade their rating on the stock from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating better reflects the crowd’s average price target of $37.22, which implies an upside potential of more than 14.5 percent from current valuations.
Finally, it should be noted that 88 percent of the crowd's ratings on the retailer of motor fuels and merchandise are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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