Suncor price target lowered to C$57 from C$63 at Scotiabank

Scotiabank lowered the firm’s price target on Suncor (SU) to C$57 from C$63 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.