BUZZ-Sunoco Corp gets 'buy' rating as Citi initiates coverage

Reuters

2025/11/11

** Citi initiates coverage on Sunoco Corp SUNC.N with a 'buy' rating; sets PT at $65, reflecting about 31.45% upside on the stock's last close

** Brokerage is optimistic about growth and profitability of fuel distributor Sunoco LP SUN.N

** Sunoco Corp owns units of Sunoco LP

** "We expect valuation to largely mirror SUN – though its valuation relative to SUN can depend on the length of SUNC's dividend equivalency to SUN and demand for the simpler tax setup" - Citi

** Citi expects SUN fundamentals to be the primary driver of SUNC's performance

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))

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sets PT at $65, reflecting about 31.45% upside on the stock's last close** Brokerage is optimistic about growth and profitability of fuel distributor Sunoco LP SUN.N** Sunoco Corp owns units of Sunoco LP** \"We expect valuation to largely mirror SUN – though its valuation relative to SUN can depend on the length of SUNC's dividend equivalency to SUN and demand for the simpler tax setup\" - Citi** Citi expects SUN fundamentals to be the primary driver of SUNC's performance  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4138":"石油与天然气的炼制和营销","BK4590":"PTP","SUNC":"SunocoCorp","SUN":"太阳石油"},"translate_title":"花旗开始报道，BUZZ-Sunoco Corp获得“买入”评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SUNC":0.9,"SUN":0.9},"content_text":"BUZZ-Sunoco Corp gets 'buy' rating as Citi initiates coverage** Citi initiates coverage on Sunoco Corp SUNC.N with a 'buy' rating; sets PT at $65, reflecting about 31.45% upside on the stock's last close** Brokerage is optimistic about growth and profitability of fuel distributor Sunoco LP SUN.N** Sunoco Corp owns units of Sunoco LP** \"We expect valuation to largely mirror SUN – though its valuation relative to SUN can depend on the length of SUNC's dividend equivalency to SUN and demand for the simpler tax setup\" - Citi** Citi expects SUN fundamentals to be the primary driver of SUNC's performance (Reporting by Anuj T in Bengaluru) ((anuj.t@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}