Morgan Stanley downgraded Suncor (SU) to Equal Weight from Overweight with a price target of C$56, down from C$57. Shares have risen 23% year-to-date, outperforming Canadian peers by about 14% on the back of strong operations, a series of strong quarterly results, and higher shareholder returns, notes the analyst. The company’s 9% free cash flow yield in 2025 is now fairly in-line with peers and shares hit the firm’s price target in recent weeks, the analyst added.
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Read More on SU:
- Suncor price target lowered to C$55 from C$56 at Raymond James
- Suncor Energy Sets Ambitious 2025 Growth Plans
- Suncor sees FY25 annual upstream production 810,000-840,000 bbls/d
- Suncor price target raised to C$57 from C$55 at Morgan Stanley
- Suncor Energy Updates on Postal Strike Impact
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
