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Suncor price target raised to C$74 from C$57 at National Bank

National Bank raised the firm’s price target on Suncor to C$74 from C$57 and keeps an Outperform rating on the shares. The analyst remains constructive on both crude oil and natural gas supply/demand fundamentals over the short to medium term, while acknowledging the continued concerns surrounding a potential global recession, prolonged periods of inflation hampering demand and the potential for macro contagion.

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