Mizuho Raises Sunoco Price Target to $75: Is the Fuel Distribution Giant a Hidden Gem?

Mizuho raised its price target on Sunoco to $75 from $66 and kept an Outperform rating, signaling improved analyst conviction in the name. The note describes the setup for the fuel distribution company as "intriguing," which is supportive but does not include any new operating results or guidance.

Analysis

Mizuho raised its price target on Sunoco to $75 from $66 and kept an Outperform rating, signaling improved analyst conviction in the name. The note describes the setup for the fuel distribution company as "intriguing," which is supportive but does not include any new operating results or guidance.