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Vetr Crowd Upgrades Sunoco Amid Harvey
Wednesday, August 30, 2017 - 8:25am | 114The Vetr community has upgraded Sunoco LP (NYSE: SUN) from 2.5 stars to 3 stars as Tropical Storm Harvey batters the people of Houston and the Texas energy industry. The crowd gave the company a Hold rating and a price target of $30.54, mostly in line with analysts' target of $30.46. See how...
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Sunoco Boasts Best Deal Team In The Game; Citi Upgrades
Tuesday, April 25, 2017 - 9:16am | 447Borrowing a catchphrase from President Donald Trump, Faisel Khan of Citi upgraded shares of Sunoco LP (NYSE: SUN) from Sell to Neutral with a price target boosted from $22 to $29 due to the "art of the deal." Faisel referenced a deal Sunoco struck with the convenience store chain Seven-11 in which...
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Jefferies Upgrades Sunoco Following Multi-Billion Deal With 7-Eleven
Monday, April 10, 2017 - 10:31am | 393Christopher Sighinolfi of Jefferies upgraded shares of Sunoco LP (NYSE: SUN) from Underperform to Hold with a price target boosted from $20 to $29 after the retail seller of motor fuels and merchandise struck a deal to sell over 1,000 gas stations and convenience stores to the parent company of 7-...
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7-Eleven's $3.3 Billion Expansion In The U.S.
Thursday, April 6, 2017 - 12:56pm | 4787-Eleven, the iconic convenience store chain best known for its Slurpees, believes it has lots of room to grow in the U.S even after launching an expansion in September of 2016. 7-Eleven's parent company, Japan-based Seven & i Holdings Co., agreed to pay $3.3 billion to acquire over 1,000...
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Barclays Reinstates Coverage On Sunoco
Thursday, January 22, 2015 - 12:02pm | 204Richard Gross of Barclays on Thursday reinstated coverage of Sunoco LP (NYSE: SUN) with an Equal-weight rating and $54 price target following the MACS drop down from parent Energy Transfer Partners (NYSE: ETP) and the Aloha Petroleum acquisition. “Sunoco benefits from relatively...
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Have Bain Capital's Woes Spread to Other Private Equity Firms?
Saturday, July 14, 2012 - 12:38am | 890Private equity firm Bain Capital, and its actions during its first 15 years, have come under increasing scrutiny as a result of Mitt Romney's 2012 presidential campaign. Romney was one of the firm's founders, and he has said that he was an executive of Bain Capital until 1999, although SEC...
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Earnings Expectations for the Week of April 30 (CMCSA, GM, KFT, V)
Sunday, April 29, 2012 - 9:02am | 1279Apple (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN) may have posted stellar results, but earnings season rolls on. Here is a quick day-by-day rundown of what analysts are expecting from some of this week's most prominent earnings reports. Monday Anadarko Petroleum (NYSE: APC) and Watson...
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Sunoco Earnings Preview: Higher EPS, Lower Sales Expected
Wednesday, November 2, 2011 - 6:42am | 617Sunoco (NYSE: SUN) is scheduled to report third-quarter 2011 results Thursday, November 3, after the closing bell. The petroleum refiner missed per-share earnings estimates in the previous two quarters, but revenue has risen year-over-year in the past four quarters. Investors will be looking for...
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Morgan Stanley Raises PT on Sunoco to $53, Overweight
Tuesday, June 7, 2011 - 8:29am | 122Morgan Stanley raised its price target on Sunoco (NYSE: SUN) from $50 to $53, after raising its earnings per share estimates for 2012. In a research report published today, Morgan Stanley states, "we are raising our SUN 2012 EPS estimates from $2.98 to $3.27 to reflect higher coal production and...
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Morgan Stanley Raises PT On Sunoco To $53
Tuesday, June 7, 2011 - 6:22am | 26Morgan Stanley has raised the price target on Sunoco (NYSE: SUN) from $50 to $53 and maintains its Overweight rating.
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Oppenheimer Comments On Sunoco 1Q11 Results
Monday, May 16, 2011 - 7:48am | 121According to Oppenheimer, Sunoco (NYSE: SUN) continues to execute on its business strategy of reducing its petroleum refining footprint, as this business is characterized by margin volatility, low returns, andrising environmental costs. Oppenheimer said that SUN has sold almost 40% of its refining...
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Morgan Stanley Reports On Sunoco's SunCoke Seperation
Thursday, March 24, 2011 - 8:02am | 168According to Morgan Stanley, Sunoco (NYSE: SUN) filed the S-1 for SunCoke (SXC) today moving one-step closer to the separation announced last summer. Morgan Stanley reported that, as expected in the March 11 note, “This Week in Refining: Macro Headwinds Offsetting 1Q Earnings,” the SunCoke...
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Sonoco's Patented Radial Crush Tester for Paper Tubes Made Available to Industry
Wednesday, February 2, 2011 - 10:17am | 220Sonoco (NYSE: SON), one of the largest diversified global packaging companies, has reached an agreement with the Composite Can and Tube Institute (CCTI) to make the Company's patented Radial Crush Tester for spiral-wound paperboard tubes and cores available to the industry. According to David E....
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Deutsche Bank Expects Tesoro Analyst Meeting To Emulate Sunoco
Monday, December 13, 2010 - 9:29am | 79Deutsche Bank expects Tesoro Corporation's (NYSE: TSO) analyst meeting to try to emulate the success of Sunoco (NYSE: SUN), where new management present restructuring & cost-cutting. “The problem is there is less to restructure in pure-play TS,” Deutsche Bank writes. “MLP'ing pipes only...
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Wunderlich's MLP Weekly Update: Pain Then Pleasure
Wednesday, August 18, 2010 - 11:03am | 208Wunderlich Securities has published its weekly update for MLPs, which have outperformed the market year to date, with the influx of $3B in new long-only MLP CEF capital supporting MLP valuations, expected to recede around 4Q2010. Targets on Alerian MLP Total Return Index (AMZ.X) Tortoise MLP TR...