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SunocoCorp initiated with a Buy at Citi

Citi initiated coverage of SunocoCorp (SUNC) with a Buy rating and $65 price target Despite a declining gasoline demand market since 2018, Sunoco (SUN) has managed to more than triple its EBITDA over that time period, and the firm expects trading in SunocoCorp to be tethered to Sunoco and its underlying fundamentals, the analyst tells investors in a research note.

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