Advisory
marketscreener.com
UBS has increased its price target for Suncor Energy to CA$120 from CA$103 while maintaining a "Buy" rating. Although the source does not detail the specific factors driving this adjustment, it reflects UBS's positive outlook on Suncor's financial prospects and growth potential.
This update comes amid mixed recent analyst sentiment. On July 18, Desjardins Securities set a CA$107 price target for Suncor, while Gerdes downgraded the stock on July 25 over valuation concerns.
Why it matters: UBS's CA$120 target signals strong investor confidence in Suncor, potentially increasing its appeal in the oil and gas sector.