BMO boosts Suncor PT on strong Q4 results
Brokerage BMO Capital Markets raises price target for Canada-based oil and gas company Suncor Energy SU.TO to C$85 from C$70
The new PT represents an upside of 18% to the stock's last close
Brokerage says Suncor posted strong results to close a record year, having achieved its breakeven target early, and sees further upside as the company prepares to outline its next phase of improvements in March
The revamped Suncor continues to impress with consistent earnings beats and early goal delivery, driving shares to outperform crude prices, brokerage adds
Brokerage expects further operational improvements that could strengthen Suncor’s cost structure, with more details likely at its upcoming investor day
14 of 21 brokerage rate the stock "buy" or higher, 6 "hold" and 1 "sell", median PT is C$70 - data compiled by LSEG
In 2025, Suncor Energy was up 17.35%
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