SunocoCorp (NYSE:SUNC) Rating Lowered to Strong Sell at Zacks Research

SunocoCorp (NYSE:SUNC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

SunocoCorp Stock Up 1.4%

Shares of NYSE SUNC traded up $0.84 during trading on Tuesday, reaching $59.19. 138,687 shares of the stock traded hands, compared to its average volume of 510,338. SunocoCorp has a 52-week low of $47.00 and a 52-week high of $59.83.

SunocoCorp (NYSE:SUNC) is a company engaged in the distribution and retailing of motor fuels and related petroleum products under the Sunoco brand. Its core activities include supplying gasoline and diesel fuel to a network of branded retail locations and wholesale customers, operating fuel terminals and logistics assets, and providing commercial fuel solutions for fleets and resellers. The company’s operations emphasize fuel supply, marketing and distribution rather than upstream exploration and production.

Products and services offered by SunocoCorp typically include branded motor fuels, diesel, and fuel additives, together with cardlock and fleet fueling programs for commercial customers.