Shares of SUN are down 1% in early trade at $13.76.
A research note from a local investment bank has lowered the guidance on SUN to “under-perform” and adjusted their price target to $12.45.
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The report cites higher operating costs and lower margins to rationalize the lower price.
Our ALGO engine triggered a sell signal in SUN at $14.05 on November 10th; we agree with the downside target of $12.45.
SunCorp
