The Latest Breaking News from SU

RBC Capital analyst Greg Pardy raised the price target for Suncor Energy Inc. (TSX:SU) (NYSE:SU) to C$47 from C$42 while maintaining the Sector Perform rating on the shares. The analyst states that Suncor’s Q1 results were solid while its conference call was uneventful. Pardy mentions that Suncor’s operating performance path will determine its relative market…

Yesterday, the Federal Reserve implemented its first 50-basis-point interest rate hike since 2000 to tame rising inflation. The volatility in the stock market has been increasing with the Fed’s monetary policy pivot, historically high levels of inflation, and the Russia-Ukraine war. And analysts expect the S&P 500 to plunge further.…

Concerns over high inflation and supply shortages due to sanctions on Russia have caused immense market volatility. Analysts believe it will take some time for the economy to return to normalcy, so the Fed may not increase interest rates significantly this year. But since inflation is expected to remain high,…

Oil prices are hovering near seven-year highs on the backs of solid demand and tight supply. Moreover, the EIA has raised its forecast for Brent Crude and natural gas prices. With the energy sector outperforming the broader market, investors should take a look at energy stocks Suncor (SU), Continental Resources…