** Barclays resumes coverage on fuel distributor Sunoco Corp SUN.N with 'overweight' rating; sets PT at $57, reflecting about 8.6% upside on stock's last close
** Brokerage says SUN is enhancing downstream scale and efficiency through strategic asset integration, making SUN larger and more diversified company, especially in fuels and chemicals sector
** Sunoco Corp had completed acquisition of Parkland Corporation in early November
** Barclays expects acquisition to also bring new risks, especially from refining side, which could make SUN's earnings more volatile
** Shares of SUN up 1.89% at $53.49 premarket on low volumes
** All seven brokerages rate stock "buy" or higher; median PT is $65 - data compiled by LSEG
** As of last close, SUN stock up ~2% YTD
(Reporting by Anuj T in Bengaluru)
((anuj.t@thomsonreuters.com))
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