Wall Street reacted negatively to Sunoco's deal, with shares...
Wall Street reacted negatively to Sunoco's deal, with shares dropping 10%. Mizuho Financial Group analysts labeled the transaction as 'less than stellar', casting doubt on Sunoco's projected benefits. However, Raymond James analysts suggested the $150 million synergy figure might be conservative, highlighting potential upside in terminals and renewables.
Sunoco's NuStar Buy Augurs Expansion in Rack Marketing and Trading -- OPIS Analysis
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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