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Fly News Breaks for April 5, 2017
SU
Apr 5, 2017 | 07:13 EDT
Goldman analyst Neil Mehta added Suncor to the Conviction Buy List saying he expects strong growth from new projects including Fort Hills and Hebron, and solid free cash flow driving dividend growth and repurchases. Mehta views valuation as attractive and concerns about potential border adjustment tax risk and the unplanned Syncrude outage as overdone. The analyst rates Suncor a Buy with a $38 price target.
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