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Suncor price target lowered to C$60 from C$61 at Scotiabank

Scotiabank lowered the firm’s price target on Suncor to C$60 from C$61 and keeps a Sector Perform rating on the shares. The firm believes years of underinvestment and continued capital discipline have set the foundation for a structurally favorable outlook of Canadian commodity prices, the analyst tells investors.

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