Barclays Boosts Price Target on Sunoco (SUN)

With an annual dividend yield of 5.87%, Sunoco LP (NYSE:SUN) is included among the 10 Energy Stocks with Highest Dividends.

Barclays Boosts Price Target on Sunoco (SUN)

Sunoco LP (NYSE:SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe.

On June 23, Barclays lifted its price target on Sunoco LP (NYSE:SUN) from $73 to $75, while reiterating an ‘Overweight’ rating on the shares. The revised target, which represents an upside of 9% from the current levels, comes after the analyst firm revised its estimates in the midstream and refining sector to reflect the updated commodity prices.

Sunoco LP (NYSE:SUN) started off 2026 with a strong first quarter, exceeding estimates in both profits and revenue. The company is targeting an adjusted EBITDA in the range of $3.1 billion to $3.3 billion for FY26, and remains on track to complete over $500 million of bolt-on acquisitions during the year. Moreover, Sunoco reiterated its commitment to target a multiyear dividend growth rate of at least 5%.

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