Sunoco Returns to INDYCAR with Multi-Year Deal with Chip Ganassi Racing
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 1 hour ago0mins
- Return to Racing: Sunoco has signed a multi-year agreement with Chip Ganassi Racing, marking its first full-season primary partnership in INDYCAR since 1973, demonstrating a strong commitment to top-tier racing.
- Historic Partnership: With a relationship dating back to 1968, Sunoco previously served as the primary fuel supplier from 2010 to 2018, and this return will further solidify its brand influence in motorsports.
- Young Driver Potential: Driver Kyffin Simpson made significant strides in the 2025 season, achieving his first podium and three top-five finishes, and is expected to continue improving in 2026, aiding the team in their pursuit of more wins.
- Fuel Technology Showcase: As the largest manufacturer of race fuels, Sunoco will leverage this partnership to promote its 94 Octane fuel, enhancing race performance and reinforcing its leadership position in the American motorsports market.
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Analyst Views on SUN
Wall Street analysts forecast SUN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SUN is 64.00 USD with a low forecast of 57.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 53.850
Low
57.00
Averages
64.00
High
70.00
Current: 53.850
Low
57.00
Averages
64.00
High
70.00
Barclays
NULL
to
Overweight
initiated
$57
2025-11-17
Reason
Barclays
Price Target
$57
2025-11-17
initiated
NULL
to
Overweight
Reason
Barclays reinstated coverage of Sunoco LP with an Overweight rating and $57 price target. The newly acquired Parkland Corporation assets expand Sunoco's size and scope to position the partnership as a leading, geographically diversified liquids company, the analyst tells investors in a research note. However, the firm says the company's exposure to refining could introduce additional earnings volatility.
Stifel
Selman Akyol
Buy
downgrade
$62 -> $61
2025-11-07
Reason
Stifel
Selman Akyol
Price Target
$62 -> $61
2025-11-07
downgrade
Buy
Reason
Stifel analyst Selman Akyol lowered the firm's price target on Sunoco LP to $61 from $62 and keeps a Buy rating on the shares. Sunoco posted Q3 results in line with its estimates and continued to show good volume growth, the analyst tells investors in a research note. The firm added that it updated its model to include the Parkland acquisition.
Raymond James
Outperform
maintain
$67 -> $70
2025-11-05
Reason
Raymond James
Price Target
$67 -> $70
2025-11-05
maintain
Outperform
Reason
Raymond James raised the firm's price target on Sunoco LP to $70 from $67 and keeps an Outperform rating on the shares. Raymond James remains constructive on Sunoco given strong execution, confidence in the continuation of increased profitability, and upside potential from medium-term optimization and integration/M&A opportunities, the analyst tells investors in a research note. While the macro backdrop is volatile, the firm sees a stable volume trend into 2026 and beyond supported by solid fuel margins and a more diversified business.
Wells Fargo
Ned Baramov
Equal Weight -> Overweight
upgrade
$61 -> $65
2025-10-29
Reason
Wells Fargo
Ned Baramov
Price Target
$61 -> $65
2025-10-29
upgrade
Equal Weight -> Overweight
Reason
Wells Fargo analyst Ned Baramov upgraded Sunoco LP to Overweight from Equal Weight with a price target of $65, up from $61.
See All Ratings
About SUN
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership operating in over 32 countries and territories in North America, the Greater Caribbean, and Europe. The Company's midstream operations include a network of approximately 14,000 miles of pipeline and over 160 terminals. Its segments include Fuel Distribution, Pipeline Systems and Terminals. The Fuel Distribution segment supplies motor fuel to independently operated dealer stations, distributors, commission agents and other consumers. The Pipeline Systems segment includes the operations of its refined products, crude oil and anhydrous ammonia pipelines, as well as other assets that are operated and managed on an integrated basis with its pipeline systems, including certain terminal and storage assets. Its Terminals segment is composed of facilities that provide storage, handling and other services on a fee basis for refined products, crude oil, specialty chemicals, renewable fuels and other liquids.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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