UPDATE: Raymond James Resumes Coverage on Suncor Energy on Transition to Premier Growth and Income Model
In a report published Tuesday, Raymond James analyst Chris Cox resumed coverage on Suncor Energy (NYSE: SU) with an Outperform rating and $44.00 price target.
In the report, Raymond James noted, “We believe Suncor is successfully transitioning into a premier growth and income model, which we suspect will continue to be well received by investors. With the shares currently trading at the lowest EV/EBITDA valuation in the Canadian large cap energy space, we view the current price as an attractive entry point.”
Suncor Energy closed on Monday at $34.68.
Latest Ratings for SU
Date | Firm | Action | From | To |
---|---|---|---|---|
Dec 2020 | Wells Fargo | Downgrades | Overweight | Equal-Weight |
Oct 2020 | BMO Capital | Maintains | Outperform | |
Oct 2020 | CIBC | Initiates Coverage On | Outperformer |
View More Analyst Ratings for SU
View the Latest Analyst Ratings
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