Goldman Sachs raised the firm’s price target on Suncor (SU) to $54 from $48 and keeps a Buy rating on the shares. Strong operational performance and early achievement of three-year targets point to potential upside to guidance and growth plans, with management’s technology-driven focus improving efficiency, operating leverage, and free funds flow, the analyst tells investors in a research note. Ahead of the March 31 Investor Day, expectations include refreshed operational and financial targets, deeper resource detail, and continued confidence in returning 100% of excess funds to shareholders via buybacks despite oil price concerns, Goldman adds.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SU:
- Suncor Energy Sets February Dates for Q4 2025 Results and Investor Webcast
- Suncor upgraded to Overweight from Neutral at JPMorgan
- Suncor price target raised to C$70 from C$67 at RBC Capital
- Suncor price target raised to $70 from $67 at RBC Capital
- SU, CNQ, IMO: Canada’s Oil Exports to U.S. Expected to Fall 10% After Venezuela Takeover