Barclays raised the firm’s price target on Sunoco LP to $64 from $57 and keeps an Overweight rating on the shares. The analyst outlined near- and medium-term expectations for multiple commodity value chains across the firm’s midstream coverage. Long term, it likes Enterprise Products Partners (EPD) for diversification and yield, Targa Resources (TRGP) for a 2025 free cash flow inflection, and Cheniere (LNG) for secular tailwinds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SUN:
- M & A News: Sunoco (NYSE:SUN) Sells Convenience Stores for $1B; Reaffirms 2024 Outlook
- Sunoco LP Announces Sale of West Texas Assets, Acquisition of European Liquid Fuels Terminals, and Reaffirms 2024 Adjusted EBITDA Guidance Range
- Sunoco LP backs 2024 EBITDA guidance range of $975M-$1B
- Sunoco LP to sell 204 convenience stores to 7-Eleven for $1B
- Sunoco LP price target raised by $2 at Mizuho, here’s why
