The Globe and Mail reports in its Friday, Nov. 7, edition that Desjardins Securities analyst Chris MacCulloch has reiterated his "buy" recommendation for Suncor Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch elevated his share target by a loonie to $71. Analysts on average target the shares at $64.51. Mr. MacCulloch says in a note: "While our model expectations leaned on the upper bounds of what we previously thought possible, much like Suncor's recent operational and financial performance, we have found additional upside. Simply put, Suncor is currently firing on all cylinders across every aspect of the organization, with no signs of slowing down. We continue highlighting the stock as a top pick."
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