JPMorgan Raises Sunoco (SUN) Price Target to $73

Sunoco LP (NYSE:SUN) is one of the MLP Stocks List: 20 Largest MLPs.

JPMorgan Raises Sunoco (SUN) Price Target to $73

On March 24, 2026, JPMorgan raised its price target on Sunoco LP (NYSE:SUN) to $73 from $66. The firm’s analyst, Jeremy Tonet, maintained an Overweight rating on the stock. Following the fourth-quarter report, the firm has revised its model.

In another development, Sunoco LP (NYSE:SUN) announced earlier last month the completion of a $1.2 billion private offering of senior unsecured notes. The issuance included $600 million in 5.375% notes due 2031 and $600 million in 5.625% notes due 2034. The company intends to utilize the net proceeds of approximately $1.19 billion from the notes to redeem higher-coupon debt from NuStar Logistics and its own 6.000% notes due 2027. With this completion, Sunoco LP (NYSE:SUN) also aims to secure lower interest rates in addition to extended maturities, which in turn reduces near-term refinancing pressures as well as improves the company’s financial flexibility for general corporate purposes.

Founded in 1886, Sunoco LP (NYSE:SUN) is one of the largest independent fuel distributors in the U.S. Headquartered in Texas, the company operates a high-margin MLP model, wholesaling motor fuel to thousands of convenience stores, independent dealers, and commercial customers across the country and the globe.

While we acknowledge the risk and potential of SUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SUN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Stocks You’ll Wish You Bought Sooner and 10 Top Stocks Fund Managers Are Loading Up On in 2026

Disclosure: None.  Follow Insider Monkey on Google News.