JPMorgan Downgrades Sunoco (SUN) to Neutral

October 12, 2018 5:07 AM EDT
Get Alerts SUN Hot Sheet
Price: $37.51 -0.87%

Rating Summary:
    6 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 25 | New: 45
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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.

For an analyst ratings summary and ratings history on Sunoco click here. For more ratings news on Sunoco click here.

Shares of Sunoco closed at $29.58 yesterday.

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