Suncor price target raised to C$89 from C$75 at RBC Capital

RBC Capital raised the firm’s price target on Suncor (SU) to C$89 from C$75 and keeps an Outperform rating on the shares. The company delivered a series of energizing and concise presentations at its investor day, conveying the completion of its corporate transformation and setting forth a credibly ambitious three-year strategic plan that shone a bright light on the depth of its oil sands resources, the analyst tells investors in a research note.