12:42 PM EDT, 06/03/2025 (MT Newswires) -- BMO has downgraded Parkland to Market Perform and trimmed its target price to $42, from $44, after Texas-based Sunoco offered to acquire it for ~US$9 billion (optional mix of cash and shares).

"In our view, SUN's offer represents the best near-term outcome for PKI shareholders, particularly given ongoing shareholder overhang and recent operational challenges," writes analyst John Gibson.

Gibson also views the pro forma yield as being attractive (~5%).

The new price target reflects the equity offer price based on SUN's current trading price.

Price: 38.67, Change: +0.21, Percent Change: +0.55