Sunoco Looks Attractive: Analyst Cites Pullback, Upcoming Guidance As Catalysts
Sunoco Looks Attractive: Analyst Cites Pullback, Upcoming Guidance As Catalysts
This guidance will likely offer a comprehensive update on the 2024 outlook for its legacy business, NuStar assets, and potential synergies, stated analyst.Stifel analyst Selman Akyol upgraded Sunoco LP (NYSE:SUN) to Buy from Hold and maintained a price target of $62.00.
Stifel的分析師Selman Akyol將Sunoco LP（紐交所的SUN股票）的評級從持有升級至買入，並維持其價格目標爲62.00美元。
The analyst writes that Sunoco's unit price has dropped by 13% since mid-February, presenting an attractive re-entry point.
該分析師寫道，自2月中旬以來，Sunoco的單位價格下跌了13％，提供了一個有吸引力的再入點。
Akyol notes that management's upcoming guidance, expected around second-quarter FY24 earnings, could catalyze the unit price.
Akyol指出，管理層即將公佈的指導方針（預計在第二季度FY24收益率周圍）可能會催化單位價格。
This guidance will likely offer a comprehensive update on the 2024 outlook for its legacy business, NuStar assets, and potential synergies, stated analyst.
該指導方針可能會在分析師的話中提供有關遺留業務、NuStar資產和潛在協同效應的2024展望的全面更新。
While the analyst do not foresee changes to the IDR structure, they expect Sunoco to derive additional value from the NuStar assets, potentially with Energy Transfer as a partner.
儘管分析師不預見IDR結構方面的變化，但他們預計SUN將從NuStar資產中獲得額外價值，潛在的夥伴爲Energy Transfer。
Year to date, SUN units have declined by 9%, while the AMZ index has seen a 10% increase, writes the analyst.
該分析師表示，截至目前，SUN單位已下跌9％，而AMZ指數已上漲10％。
Akyol estimates EBITDA of $1.48 billion in FY24 and $1.79 billion in FY25.
Akyol預計FY24的EBITDA爲14.8億美元，FY25爲17.9億美元。
Investors can gain exposure to the stock via InfraCap MLP ETF (NYSE:AMZA) and Global X MLP ETF (NYSE:MLPA).
投資者可以通過InfraCap MLP ETF（紐交所的AMZA股票）和Global X MLP ETF（紐交所的MLPA股票）獲得該股票的曝光度。
Also Read: Sunoco, NuStar Acquisition Concerns 'Do Not Justify Stock's Underperformance': Analyst
還閱讀：分析師表示，Sunoco，NuStar的收購擔憂“不足以解釋股票的表現不佳”。
Price Action: SUN shares are down 0.90% at $54.01 at the last check Friday.
股價走勢：截至上週五最後一次檢查時，SUN股價下跌0.90％至54.01美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
