Citi Downgrades Sunoco (SUN) to Sell

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Go back to Citi Downgrades Sunoco (SUN) to Sell

UBS Cuts Price Target on Sunoco (SUN) to $33; Reiterates Buy

November 21, 2016 9:46 AM EST

UBS reiterated a Buy rating on Sunoco (NYSE: SUN), and cut the price target to $33.00 (from $34.00), following the company's 3Q earnings report. UBS lowered 2016 adjusted EBITDA estimates to $694MM from $699MM on higher G&A assumptions and lower volume growth.

Analyst Shneur Gershuni... More