What Does the Street Think About Suncor Energy (SU)?

Suncor Energy Inc. (NYSE:SU) is one of the most promising future stocks to buy right now. Suncor Energy Inc. (NYSE:SU) received a rating update from Scotiabank on June 26. The firm assumed coverage of the stock with an Outperform rating, setting a price target of C$104 and telling investors that although the Canadian oil and gas equities have materially outperformed year-to-date, the firm continues to see upside in select stocks. Scotiabank assumed coverage of six large-cap E&P and royalty companies, while also resuming coverage on six small-to-mid-cap E&P companies in the sector.

Suncor Energy Inc. (NYSE:SU) also received a rating update from Goldman Sachs on June 5. The firm downgraded the stock to Neutral from Buy and set a price target of $72, citing valuation for the downgrade. It further stated that the company’s “successful operational turnaround” is now better reflected in the shares, and while the firm sees less relative upside for Suncor Energy Inc. (NYSE:SU), it also maintains a positive outlook on the company.

Suncor Energy Inc. (NYSE:SU) is an integrated energy company involved in the development of petroleum resource basins. The company’s operations are divided into the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations.

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