TD Securities raised its price target on Suncor Energy Inc. (SU.TO, SU) to $81 fro $74 on Wednesday.
Analyst Menno Hulshof maintained a Buy rating on shares of the Calgary-based integrated energy company following its quarterly results on Tuesday.
"Very strong Jan 5th ops update left little room for material, positive surprises," Hulshof said in a note to clients.
"Q4 CFPS beat smaller than in recent quarters but shouldn't lose sight of just how strong Q4 was," the analyst said.
"Outlook commentary likely back-pocketed for Mar. 31 Investor Day," Hulshof said. "We could see new 3-year plan/ targets, select capacity re-rates, ~$5.5-6 Billion capex over next several years, and improved long-term visibility."
(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