CIBC Reaffirms Their Buy Rating on Suncor Energy (SU)
CIBC analyst Dennis Fong maintained a Buy rating on Suncor Energy today and set a price target of C$94.00.
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According to TipRanks, Fong is a 4-star analyst with an average return of 6.6% and a 48.80% success rate.
In addition to CIBC, Suncor Energy also received a Buy from BMO Capital’s Randy Ollenberger in a report issued on April 1. However, yesterday, Morgan Stanley maintained a Hold rating on Suncor Energy (NYSE: SU).
The company has a one-year high of C$94.34 and a one-year low of C$43.59. Currently, Suncor Energy has an average volume of 7.61M.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SU in relation to earlier this year.
Read More on SU:
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- Suncor price target raised to C$92 from C$86 at Morgan Stanley
- Suncor price target raised to C$91 from C$81 at TD Securities
- Suncor price target raised to C$85 from C$80 at Scotiabank
- Suncor price target raised to C$89 from C$75 at RBC Capital
- Suncor price target raised to C$100 from C$85 at BMO Capital
