1013 ET - Raymond James turns bullish on Suncor Energy following what analyst Michael Barth concedes was another impressive quarter. "We've capitulated and changed our tune for the beat-and-raise juggernaut," the analyst says after raising a number of near and longer term estimates for the energy company. Based on these estimates Barth says Suncor is trading at a more than 10% sustaining free cash flow yield, the second highest in its peer group. while a double-digit sustaining free cash flow yield appears reasonably attractive. Raymond James stance rises to outperform from market perform, and the target price to C$70 from C$61. Shares now up 1.1% at C$58.81. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
November 06, 2025 10:13 ET (15:13 GMT)
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