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Wells Fargo Reaffirms Their Buy Rating on Sunoco (SUN)

Tipranks - Tipranks - Sat Mar 14, 6:42AM CDT

In a report released today, Ned Baramov from Wells Fargo maintained a Buy rating on Sunoco, with a price target of $71.00.

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Baramov covers the Energy sector, focusing on stocks such as Antero Midstream, Sunoco, and Western Midstream Partners. According to TipRanks, Baramov has an average return of -6.7% and a 50.00% success rate on recommended stocks.

In addition to Wells Fargo, Sunoco also received a Buy from TipRanks – xAI’s xAi Oil and Gas Refining and Marketing in a report issued on March 10. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Sunoco (NYSE: SUN).

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Based on Sunoco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.6 billion and a net profit of $97 million. In comparison, last year the company earned a revenue of $5.27 billion and had a net profit of $103 million

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