JPMorgan Chase Raises Suncor Energy Price Target to C$114.00

Suncor Energy (TSE:SU) received a boost in its price target from JPMorgan Chase & Co. The analyst firm increased its target to C$114.00, representing a potential upside of 25.83% from the stock's previous close.

Multiple analysts have recently issued reports on SU, with some sharing similar views. For instance, Scotia raised its target price on shares of Suncor Energy from C$85.00 to C$90.00 and gave the company a 'sector perform' rating in a research report. Similarly, Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a 'buy' rating.

The stock has seen various trading activity lately, with TSE:SU trading up 1.7% to reach C$90.60 on Thursday, August 13th. The firm's fifty-day moving average is at C$85.01, while its two-hundred day moving average stands at C$84.34.