Scotiabank Raises Price Target for Suncor Energy (SU), Keeps Sector Perform Rating
Scotiabank increased its price target for Suncor Energy (SU) to C$90 from C$85, while maintaining a Sector Perform rating. The move follows JPMorgan's earlier price target increase to C$105, citing higher commodity prices and strong operational performance. Suncor is shifting its production mix toward in situ methods, which are expected to lower costs and improve long-term cash flow.
Tickers: $JPM
Topics: Analyst Recommendation Dividend Stocks Energy Sector Price Target Suncor Energy