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Fly News Breaks for December 19, 2018
SUN
Dec 19, 2018 | 08:01 EDT
Baird analyst Ethan Bellamy elevated Sunoco to Fresh Pick and a top pick as 2018 comes to a close. The analyst said the company's margins and cash flow keep expanding as its free cash flow has a short-term inverse relationship to crude oil prices. He sees the name as an outlier in the energy space and expects Street estimates to move higher during the quarter. Bellamy reiterated his Outperform rating and $33 price target on Sunoco shares.
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