10:55 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of USD41, cut USD4, reflects a 4.8x multiple of enterprise value to projected 2026 EBITDA, in line with SU's historical forward average. We raise our 2025 EPS estimate by CAD0.14 to CAD4.47, but trim 2026's by CAD0.84 to CAD4.77. SU had a difficult Q1 in part because refining margins were weak, but we suspect that such margins will stage a recovery in the remainder of 2025, in part because refined product inventory levels are low. Meanwhile, upstream production hit a record high in Q1 and upstream realizations for barrels shipped to the U.S. should enjoy a narrower differential vs. WTI, due to the availability of the TMX Expansion as a competitive option to SU. There is some macro risk from potential tariffs, but should those be reimposed, SU also has the safety valve of shipping to its own Canadian refineries. Shares yield 4.3%.