Citigroup Downgraded Suncor Energy Inc. (SU)


Suncor Energy Inc. (NYSE:SU) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

Other equities research analysts have also issued reports about the stock. Simmons raised their price objective on shares of Suncor Energy to $35.00 in a report on Friday, March 25th. Vetr raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $25.42 target price for the company in a research report on Monday, February 29th. Goldman Sachs reaffirmed a “buy” rating on shares of Suncor Energy in a research report on Monday, March 21st. TD Securities reaffirmed a “hold” rating and issued a $36.00 target price (down previously from $37.00) on shares of Suncor Energy in a research report on Friday, February 5th. Finally, JPMorgan Chase & Co. started coverage on shares of Suncor Energy in a research report on Tuesday, March 22nd. They issued a “neutral” rating and a $34.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.12.


Source: American Banking and Market News

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