As previously reported, Wells Fargo analyst Ned Baramov upgraded Sunoco LP (SUN) to Overweight from Equal Weight with a price target of $65, up from $61, on compelling pro-forma valuation and to reflect the pending close of the Parkland merger. Sunoco LP’s free cash flow profile is set to improve materially post deal, and Wells sees further upside from additional synergies.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUN: