JPMorgan raised the firm’s price target on Suncor (SU) to C$105 from C$79 and keeps an Overweight rating on the shares as part of a Q1 preview. The firm cites the increase in commodity prices for the target boost. The analyst expects Suncor to deliver another strong quarter in terms of execution both upstream and downstream.
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- Suncor price target raised to C$92 from C$86 at Morgan Stanley
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