Raymond James raised its price target on Suncor Energy Inc. (SU.TO, SU) to $75 from $70 on Wednesday.
Analyst Michael Barth maintained an Outperform rating on shares of the Calgary-based integrated energy company.
"On the back of further analysis and conversations with the company, we've come away impressed, and believe that the positive trends in SU's in situ portfolio are under-appreciated by investors," Barth said in a note to clients.
The analyst said Suncor's ES-SAGD technology (Expanding Solvent SAGD) could be a positive 1H26 catalyst for the stock, if it is rolled out more broadly.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Comments