JPMorgan Downgrades Sunoco (SUN) to Neutral
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JPMorgan analyst Jeremy Tonet downgraded Sunoco (NYSE: SUN) from Overweight to Neutral with a price target of $32.00 (from $33.00).
The analyst steps the sidelines citing the valuation as the company posses nearly average total return potential versus his broader MLP coverage universe.
Shares of Sunoco closed at $29.58 yesterday.
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