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Stock impact report

Suncor Energy Stock May Be Worth Watching If Oil Pulls Back [Yahoo! Finance]

Suncor Energy Inc. (SU) 
Last suncor energy inc. earnings: 2/5 07:15 pm Check Earnings Report
US:NYSE Investor Relations: suncor.com/investor-centre
Company Research Source: Yahoo! Finance
On April 9, Wells Fargo lowered its price target on Suncor Energy Inc. (NYSE:SU) to C$96 from C$97 while maintaining an Equal Weight rating. The firm also noted that, as seen in 2022, a mid-cycle correction in oil prices could create an attractive entry point for advantaged energy stocks. That comment is particularly relevant for Suncor, which owns long-life oil sands assets that can become highly profitable in stable pricing environments. Earlier, on April 5, Morgan Stanley raised its price target on Suncor Energy Inc. (NYSE:SU) to C$92 from C$86 and maintained an Equal Weight rating, citing improved growth and greater visibility following the company's investor day. Higher visibility often matters significantly for institutional investors, especially in cyclical sectors like energy. Suncor Energy Inc. (NYSE:SU) is a Calgary-based integrated energy company and Canada's leading producer of bitumen and synthetic crude from the Athabasca oil sands. Founded in 1917 as Sun Company of Show less Read more
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