UBS Raises Suncor (SU) Price Target While Maintaining Buy Rating

Core Insights - Suncor Energy Inc. is recognized as one of the best Canadian dividend stocks for long-term investment [1] - UBS has raised the price target for Suncor to C$65 from C$61 while maintaining a Buy rating [2] - The company reported record performance in Q3 2025, with upstream production averaging 870,000 barrels per day and returning over C$1.4 billion to shareholders [3] Financial Performance - In Q3 2025, Suncor achieved an average upstream production of 870,000 barrels per day, the highest in its history [3] - Upgrader utilization reached 102%, and refining throughput hit a record of 492,000 barrels per day [3] - The company returned more than C$1.4 billion to shareholders, including approximately C$750 million in buybacks and C$700 million in dividends [3] Market Position - Suncor's strong presence in the Western Canadian oil sands has allowed it to generate attractive returns despite market volatility [4] - The company has remained one of Canada's top producers, demonstrating growth and profitability even during sharp energy price cycles [4] - Over the past five years, Suncor's shares have increased by more than 188% [4] Business Model - Suncor operates as an integrated energy producer, utilizing various sources including oil sands, offshore projects, and renewable fuels [5]