The Globe and Mail reports in its Saturday, April 29, edition that National Bank Financial analyst Travis Wood upgraded Suncor Energy to "outperform" from "sector perform." The Globe's David Leeder writes that Mr. Wood raised his share target to $61 from $60. Analysts on average target the shares at $53.17. Mr. Wood made his rating tweaks following the announcement of Suncor's $5.5-billion acquisition of the Canadian operations of TotalEnergies. He calls Suncor's valuation "compelling." He says its "relative operational downside is becoming limited as the company appears to be establishing a more conservative approach to operational milestones." Mr. Wood says in a note: "Although some concerns exist around operational volatility at Fort Hills over the next three years, we believe the company is positioning for this message and therefore, should see relatively less share price volatility than over the past several years of missing expectations. ... We see a critical path over the next one to three years that supports the broader goal of improving operational execution, and ultimately regaining an enhanced market valuation." The Globe reported on March 2 that RBC rated Suncor "outperform" when it was worth $46.74.