JPMorgan Raises Sunoco (SUN) Price Target to $73

On March 24, 2026, JPMorgan raised its terms people connected Sunoco LP (NYSE:SUN) to $73 from $66. The firm’s analyst, Jeremy Tonet, maintained an Overweight standing connected the stock. Following the fourth-quarter report, the steadfast has revised its model.

In different development, Sunoco LP (NYSE:SUN) announced earlier past period the completion of a $1.2 cardinal backstage offering of elder unsecured notes. The issuance included $600 cardinal successful 5.375% notes owed 2031 and $600 cardinal successful 5.625% notes owed 2034. The institution intends to utilize the nett proceeds of astir $1.19 cardinal from the notes to redeem higher-coupon indebtedness from NuStar Logistics and its ain 6.000% notes owed 2027. With this completion, Sunoco LP (NYSE:SUN) besides aims to unafraid little involvement rates successful summation to extended maturities, which successful crook reduces near-term refinancing pressures arsenic good arsenic improves the company’s fiscal flexibility for wide firm purposes.

Founded successful 1886, Sunoco LP (NYSE:SUN) is 1 of the largest autarkic substance distributors successful the U.S. Headquartered successful Texas, the institution operates a high-margin MLP model, wholesaling centrifugal substance to thousands of convenience stores, autarkic dealers, and commercialized customers crossed the state and the globe.

While we admit the imaginable of SUN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 11 Best Stocks You’ll Wish You Bought Sooner and 10 Top Stocks Fund Managers Are Loading Up On successful 2026

Disclosure: None. Follow Insider Monkey connected Google News.