Sunoco Corp gets 'buy' rating as Citi initiates coverage

Sunoco LP (Texas)

11/11/2025 13:36

** Citi initiates coverage on Sunoco Corp SUNC.N with a 'buy' rating; sets PT at $65, reflecting about 31.45% upside on the stock's last close

** Brokerage is optimistic about growth and profitability of fuel distributor Sunoco LP SUN.N

** Sunoco Corp owns units of Sunoco LP

** "We expect valuation to largely mirror SUN – though its valuation relative to SUN can depend on the length of SUNC's dividend equivalency to SUN and demand for the simpler tax setup" - Citi

** Citi expects SUN fundamentals to be the primary driver of SUNC's performance

 (Reporting by Anuj T in Bengaluru)

 ((anuj.t@thomsonreuters.com))