Sunoco LP (SUN)

[911]

RocknRoll.Go Candy!!! Sweet
Financial News Network Online - News CornerCitigroup raised its price target for Sunoco (NYSE:SUN) to $45 from $43 and maintained its hold rating on the stock.


The bank sees a 2011 loss of $1.17 per share and 2012 EPS of $2.30 per share.

Sunoco has a potential upside of 22.5% based on a current price of $37.42 and an average consensus analyst price target of $45.86.

Sunoco should find initial resistance at its 50-day moving average (MA) of $38.43 and further resistance at its 200-day MA of $40.73.

In the last five trading sessions, the 50-day MA has fallen 0.2% while the 200-day MA has remained constant.

Sunoco, Inc. is a petroleum refiner and marketer and chemicals manufacturer with interests in logistics and cokemaking. The Company's petroleum products include fuels, lubricants, and petrochemicals. Sunoco's operations are conducted principally in the eastern half of the United States while its coke making operations are in Virginia, Indiana, Ohio and Vitoria Brazil.