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In a report published Tuesday, Raymond James analyst Chris Cox resumed coverage on
Suncor EnergySU 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.
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