The Vetr crowd downgraded their rating for Sunoco LP (NYSE:SUN) on Tuesday, from 3.5 stars (Buy), issued 13 days ago, to 2 stars (Sell). At the time of the upgrade, crowd sentiment for Sunoco was generally positive, with 71 percent of Vetr user ratings bullish.
Sunoco has trended down since the first week of February when it reached a four-month high of $29.94. The stock has fallen more than 14.5 percent since and finished today at $25.61.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Vetr isn't alone in downgrading Sunoco. FBR issued the gasoline retailer a Market Perform rating and JPMorgan changed its rating for the company to Neutral on February 15.
See how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for the stock is down at $24.44, which is below the average analyst target price of $32.00. Less than 2 percent of Vetr users are holding SUN in their watch lists.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.