JP Morgan raises Suncor Energy's PT, forecasts strong earnings

Suncor Energy (Canada)

14/04/2026 13:10

** Brokerage JP Morgan raises price target on Canadian oil sand producer Suncor Energy SU.TO to C$105 from C$79

** The new PT represents an upside of 17.4% to the stock's last close

** Brokerage expects strong upstream and downstream execution for the first quarter

** Expects first-quarter profit of C$2.03 compared with consensus of C$1.14

**  "We believe that the current commodity price environment could support further upside to shareholder returns in 2026" - JP Morgan

** Forecasts total production volumes of 856 thousand barrels of oil equivalent per day for 2026

** 7 of 10 brokerages rate the stock "buy", 2 "hold", and 1 "sell"; their median PT is C$101.57 - data compiled by LSEG

** As of last close, stock up 46.7% YTD