Kess raised his price target to $47 from $36, suggesting 11% upside from Tuesday's close.
His price target, cut to $276 from $311, implies roughly 10% downside from Tuesday's close.
"We upgrade SUN to Buy and lift our [target price] to $65 following several cash flow accretive transactions," Dounis wrote.
"The January 11th transactions drive ~25% of the target price increase; the NS Acquisition drives the remaining ~75% increase."
NKLA mountain 2020-07-01 NKLA since 2020 Still, the analyst's $2 price target implies the stock could surge more than 200% from here.
Persons:
Morgan Stanley, Daiwa, Jonathan Kees, Kess, — Michelle Fox, Jon Tower, Chipotle, Sarah Min, Gordon Haskett downgrades Uber, Gordon Haskett, Robert Mollins, Uber, Mollins, — Jesse Pound, Colin Bristow, Bristow, Michael Tyndall, Stellantis, Tyndall, — Sarah Min, Pierre Ferragu, Lisa Su, Ferragu, Sunoco, Spiro Dounis, Dounis, Baird, Nikola, Ben Kallo, NKLA, Kallo, it's, Jessica Reif Ehrlich, Morgan Stanley's Benjamin Swinburne, Swinburne, Goldman Sachs, Eric Sheridan, Erik Woodring, Woodring, Fred Imbert
Organizations:
CNBC, Big Tech, Wall Street, NewStreet Research, Verizon, Daiwa, Verizon Communications, VZ, Citi, Mexican, UBS downgrades, UBS, HSBC, AMD, Research, NuStar Energy, Zenith Energy, Energy, Netflix, Bank of America, Apple Apple, Edge, Apple
Locations:
Seattle, Biogen, Skyclarys, Stellantis, Europe, China