Barclays resumes Sunoco Corp's coverage with 'overweight'

Sunoco LP (Texas)

17/11/2025 14:02

** Barclays resumes coverage on fuel distributor Sunoco Corp SUN.N with 'overweight' rating; sets PT at $57, reflecting about 8.6% upside on stock's last close

** Brokerage says SUN is enhancing downstream scale and efficiency through strategic asset integration, making SUN larger and more diversified company, especially in fuels and chemicals sector

** Sunoco Corp had completed acquisition of Parkland Corporation in early November

** Barclays expects acquisition to also bring new risks, especially from refining side, which could make SUN's earnings more volatile

** Shares of SUN up 1.89% at $53.49 premarket on low volumes

** All seven brokerages rate stock "buy" or higher; median PT is $65 - data compiled by LSEG

** As of last close, SUN stock up ~2% YTD

 (Reporting by Anuj T in Bengaluru)

 ((anuj.t@thomsonreuters.com))