Sunoco, Inc. (SUN)
by Zacks Equity ResearchMarch 06, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Moreover, with the separation of the coke manufacturing business, Sunoco exhibits a weak business profile and remains susceptible to competitive risks. As such, we expect Sunoco to perform below the industry, which gives investors little reason to hold the stock.
We render a pessimistic outlook on the stock in the coming quarters, which is the main reason for our downgrade of the rating. Our $36 price objective reflects a multiple of 6.2X the trailing twelve-month cash flow.
Please login to Zacks.com or register to post a comment.