Suncor upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Randy Ollenberger upgraded Suncor to Outperform from Market Perform with an unchanged price target of C$62. Suncor reported much better than expected Q2 financial and operating results as the company completed its heavy turnaround activities ahead of schedule, the analyst tells investors in a research note. The firm sees further upside to the shares if the company can maintain recent performance and make progress towards its net debt floor.