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Vetr Hits Sunoco With Another Downgrade

Chris Dier-Scalise

The Vetr crowd downgraded their rating for Sunoco LP (NYSE: SUN) on Tuesday, from 3.5 stars (Buy), issued 13 days ago, to 2 stars (Sell). At the time of the upgrade, crowd sentiment for Sunoco was generally positive, with 71 percent of Vetr user ratings bullish.

Sunoco has trended down since the first week of February when it reached a four-month high of $29.94. The stock has fallen more than 14.5 percent since and finished today at $25.61.

Vetr isn't alone in downgrading Sunoco. FBR issued the gasoline retailer a Market Perform rating and JPMorgan changed its rating for the company to Neutral on February 15.

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Currently, the Vetr crowd's average target price for the stock is down at $24.44, which is below the average analyst target price of $32.00. Less than 2 percent of Vetr users are holding SUN in their watch lists.

Latest Ratings for SUN

Date Firm Action From To
Feb 2017 FBR Capital Downgrades Outperform Market Perform
Feb 2017 JP Morgan Downgrades Overweight Neutral
Dec 2016 FBR Capital Upgrades Market Perform Outperform

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