JPMorgan Raises Sunoco (SUN) Price Target to $73

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

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.

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