BMO boosts Suncor PT on strong Q4 results

Suncor Energy (Canada)

04/02/2026 13:42

** Brokerage BMO Capital Markets raises price target for Canada-based oil and gas company Suncor Energy SU.TO to C$85 from C$70

** The new PT represents an upside of 18% to the stock's last close

** Brokerage says Suncor posted strong results to close a record year, having achieved its breakeven target early, and sees further upside as the company prepares to outline its next phase of improvements in March

** The revamped Suncor continues to impress with consistent earnings beats and early goal delivery, driving shares to outperform crude prices, brokerage adds

** Brokerage expects further operational improvements that could strengthen Suncor’s cost structure, with more details likely at its upcoming investor day

** 14 of 21 brokerage rate the stock "buy" or higher, 6 "hold" and 1 "sell", median PT is C$70 - data compiled by LSEG

** In 2025, Suncor Energy was up 17.35%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))