Wells Fargo Remains a Hold on Suncor Energy (SU)
Wells Fargo's Sam Margolin maintains a Hold rating on Suncor Energy with a C$57.00 price target, while shares closed at C$63.25. Morgan Stanley also holds a similar rating with a C$63.00 target. Suncor has a Moderate Buy consensus with a $46.16 target, indicating a -27.02% downside. Margolin has a 12.0% average return and 68.33% success rate on stock recommendations.
In a report released on November 19, Sam Margolin from Wells Fargo maintained a Hold rating on Suncor Energy, with a price target of C$57.00. The company’s shares closed last Friday at C$63.25.
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Margolin covers the Energy sector, focusing on stocks such as Delek US Holdings, Phillips 66, and Valero Energy. According to TipRanks, Margolin has an average return of 12.0% and a 68.33% success rate on recommended stocks.
Suncor Energy has an analyst consensus of Moderate Buy, with a price target consensus of $46.16, representing a -27.02% downside. In a report released on November 20, Morgan Stanley also maintained a Hold rating on the stock with a C$63.00 price target.
