Suncor Energy Inc. (NYSE:SU) Maintains "Buy" Rating and Price Target Increase by TD Securities

Core Viewpoint - TD Securities maintains a "Buy" rating for Suncor Energy Inc. and raises the price target to C$73, reflecting confidence in the company's future performance [1][6] Company Guidance and Strategy - Suncor has unveiled its 2026 corporate guidance, focusing on growth and superior returns through increased upstream production and strong refining utilization [2][5] - The company is committed to a capital expenditure of 5.7 billion Canadian dollars in 2026, emphasizing sustaining capital and select high-value projects [3][6] - Suncor plans to increase its monthly share buybacks by 10%, aiming to return 3.3 billion Canadian dollars to shareholders in 2026 [3][6] Market Performance - The stock for Suncor is currently priced at $44.22, reflecting a slight decrease of 0.21%, while the market capitalization stands at approximately $53.1 billion [4] - The company's focus on increasing oil and gas production while reducing spending supports the "Buy" rating from TD Securities [4]