Sunoco (SUN) Receiving Somewhat Positive Press Coverage, Analysis Finds
News headlines about Sunoco (NYSE:SUN) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sunoco earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 43.4578737363622 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Gulf Coast export terminal being considered with link to Louisiana ethylene market and Texas storage facility (theadvocate.com)
- Five Sunoco A-Plus stores in Berks sold to 7-Eleven (readingeagle.com)
- A year after 7-Eleven announced a Houston comeback, still no movement – Chron.com (chron.com)
- A year after 7-Eleven announced a Houston comeback, still no … – Chron.com (chron.com)
A number of equities analysts recently weighed in on the stock. Goldman Sachs upgraded shares of Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 target price for the company in a research report on Monday, December 18th. TheStreet upgraded shares of Sunoco from a “c-” rating to a “b-” rating in a research report on Thursday, February 22nd. Jefferies Group restated a “neutral” rating on shares of Sunoco in a research report on Wednesday, December 20th. JPMorgan Chase & Co. upgraded shares of Sunoco from a “neutral” rating to an “overweight” rating and set a $29.20 target price for the company in a research report on Tuesday, January 9th. Finally, Credit Suisse Group assumed coverage on shares of Sunoco in a research report on Thursday, January 4th. They set a “neutral” rating and a $28.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Sunoco has an average rating of “Hold” and an average price target of $31.34.
Sunoco Company Profile
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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