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Sunoco LP (NYSE:SUN) target price raised to $31.00, reported today by Mizuho Securities

Sunoco LP (NYSE:SUN) had its target price raised to $31.00 by Mizuho Securities in a report released 09/30/2016. The new target price indicates a possible upside of 0.06% based on the company's last stock close price.

Yesterday Sunoco LP (NYSE:SUN) traded -0.58% lower at $29.18. The company’s 50-day moving average is $30.08 and its 200-day moving average is $31.53. The last stock close price is down -8.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 686,872 shares of the stock were exchanged, up from an average trading volume of 538,622

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Sunoco LP (NYSE:SUN)

Sunoco LP has a 52 week low of $22.86 and a 52 week high of $40.06 with a P/E ratio of 24.36 The company’s market cap is currently $0.

In addition to Mizuho Securities reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is $40.40 with 4 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Sunoco LP (NYSE:SUN)

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the 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. The Wholesale operations segment sells motor fuel to its retail segment and external customers. The Retail operations segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. It operates over 900 convenience stores and fuel outlets in over eight states. It distributes over 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers. Its retail convenience stores operate under brands, including Stripes and Aloha Island Mart.

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