Barclays raised its price target on Sunoco LP from $73 to $75 while maintaining an Overweight rating. The new target implies a 9% upside from current levels, following revised estimates in the midstream and refining sector to reflect updated commodity prices. Sunoco reported a strong first quarter of 2026, exceeding profit and revenue estimates, and is targeting adjusted EBITDA of $3.1 billion to $3.3 billion for fiscal 2026. The company also remains on track to complete over $500 million in bolt-on acquisitions this year and reiterated its commitment to at least 5% multiyear dividend growth.
Sunoco LPBarclays raised price target and maintained Overweight rating, plus strong Q1 earnings and raised EBITDA guidance.