Sunoco LP (SUN) Receives Sell Rating from Mizuho

Sunoco LP (NYSE:SUN)‘s stock had its “sell” rating reaffirmed by stock analysts at Mizuho in a note issued to investors on Friday. They presently have a $29.00 target price on the oil and gas company’s stock. Mizuho’s target price would indicate a potential downside of 5.84% from the company’s current price.

Several other brokerages have also commented on SUN. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Sunoco in a report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and issued a $30.00 price target (up previously from $29.00) on shares of Sunoco in a report on Monday, September 11th. BidaskClub raised shares of Sunoco from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. UBS AG reissued a “neutral” rating and issued a $30.00 price target (up previously from $28.00) on shares of Sunoco in a report on Monday, August 14th. Finally, Deutsche Bank AG raised shares of Sunoco from a “hold” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $36.00 in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.33.

Sunoco (NYSE:SUN) opened at 30.80 on Friday. Sunoco has a 12 month low of $21.01 and a 12 month high of $32.67. The company’s market cap is $3.06 billion. The company’s 50 day moving average is $31.44 and its 200-day moving average is $30.59.

COPYRIGHT VIOLATION NOTICE: “Sunoco LP (SUN) Receives Sell Rating from Mizuho” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/20/sunoco-lp-sun-receives-sell-rating-from-mizuho.html.

Institutional investors have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new stake in shares of Sunoco during the second quarter worth $100,000. Ffcm LLC purchased a new stake in shares of Sunoco during the second quarter worth $112,000. The Manufacturers Life Insurance Company grew its holdings in shares of Sunoco by 24.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after buying an additional 1,213 shares in th

Several other brokerages have also commented on SUN. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Sunoco in a report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and issued a $30.00 price target (up previously from $29.00) on shares of Sunoco in a report on Monday, September 11th. BidaskClub raised shares of Sunoco from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. UBS AG reissued a “neutral” rating and issued a $30.00 price target (up previously from $28.00) on shares of Sunoco in a report on Monday, August 14th. Finally, Deutsche Bank AG raised shares of Sunoco from a “hold” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $36.00 in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.33.

Sunoco (NYSE:SUN) opened at 30.80 on Friday. Sunoco has a 12 month low of $21.01 and a 12 month high of $32.67. The company’s market cap is $3.06 billion. The company’s 50 day moving average is $31.44 and its 200-day moving average is $30.59.

COPYRIGHT VIOLATION NOTICE: “Sunoco LP (SUN) Receives Sell Rating from Mizuho” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/20/sunoco-lp-sun-receives-sell-rating-from-mizuho.html.

Institutional investors have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new stake in shares of Sunoco during the second quarter worth $100,000. Ffcm LLC purchased a new stake in shares of Sunoco during the second quarter worth $112,000. The Manufacturers Life Insurance Company grew its holdings in shares of Sunoco by 24.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after buying an additional 1,213 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in shares of Sunoco during the second quarter worth $235,000. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of Sunoco during the second quarter worth $245,000. 30.86% of the stock is owned by institutional investors and hedge funds.

About Sunoco

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

Analyst Recommendations for Sunoco (NYSE:SUN)

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