Market Overview

UPDATE: Raymond James Resumes Coverage on Suncor Energy on Transition to Premier Growth and Income Model

Share:

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

DateFirmActionFromTo
Dec 2020Wells FargoDowngradesOverweightEqual-Weight
Oct 2020BMO CapitalMaintainsOutperform
Oct 2020CIBCInitiates Coverage OnOutperformer

View More Analyst Ratings for SU
View the Latest Analyst Ratings

 

Related Articles (SU)

View Comments and Join the Discussion!

Posted-In: Chris Cox Raymond JamesAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
TSLAJP MorganMaintains125.0
INTCTruist SecuritiesMaintains64.0
FBTruist SecuritiesMaintains320.0
GSCitigroupMaintains370.0
AAPLCowen & Co.Maintains153.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com