TD Securities raised its price target on Suncor Energy Inc. (SU.TO, SU) to $81 fro $74 on Wednesday.

Analyst Menno Hulshof maintained a Buy rating on shares of the Calgary-based integrated energy company following its quarterly results on Tuesday.

"Very strong Jan 5th ops update left little room for material, positive surprises," Hulshof said in a note to clients.

"Q4 CFPS beat smaller than in recent quarters but shouldn't lose sight of just how strong Q4 was," the analyst said.

"Outlook commentary likely back-pocketed for Mar. 31 Investor Day," Hulshof said. "We could see new 3-year plan/ targets, select capacity re-rates, ~$5.5-6 Billion capex over next several years, and improved long-term visibility."

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