Suncor price target raised to C$66 from C$64 at RBC Capital

RBC Capital raised the firm’s price target on Suncor (SU) to C$66 from C$64 and keeps an Outperform rating on the shares after its Q3 results. The firm notes that the culture of success that has taken root at Suncor is “stunning” and a central driver behind the company’s operational and financial momentum, though it “does not come as a surprise” given Rich Kruger’s track record of repositioning Imperial Oil in the 2013-19 timeframe, the analyst tells investors in a research note.