The Globe and Mail reports in its Friday, Nov. 7, edition that Raymond James analyst Michael Barth has elevated his recommendation for Suncor Energy to "outperform" from "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Barth's share target soared $9 to $70. Analysts on average target the shares at $63.74. "We've capitulated and changed our tune for the beat-and-raise juggernaut following yet another impressive quarter," says Mr. Barth following its release of Suncor's third quarter financial results. Mr. Barth says in a note: "We continue to be surprised at how much Suncor pushes the envelope on upstream performance; that's true of production, turnaround times, unit cash cost and capital efficiency, and 3Q25 was no different. We once again find ourselves revising estimates higher, this time around production and unit cost efficiency (which happen to go hand-in-hand). ... Suncor posted a monster upstream quarter, with oil sands AFFO [adjusted funds from operations] coming in 13 per cent above our estimate on both stronger-than-expected production and lower unit opex. As a result, the company revised FY25 upstream production guidance to 845-855 mbbl/d (810-840 mbbl/d prior)."