The Globe and Mail reports in its Tuesday edition that National Bank Financial analyst Travis Wood continues to rate Suncor Energy "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Wood's share target, however, slid to $60 from $61. Analysts on average target the shares at $51.12. While Suncor Energy Inc. appears to have failed in its attempt to buy TotalEnergies' interest in the Surmont oil sands project, Mr. Wood is maintaining his "positive bias." Mr. Wood says in a note: "Based on the revised transaction price of $1.5-billion (was $5.5-billion) and a contingent payment of $160-million (was $600-million), the implied price per flowing barrel for the remaining Fort Hills stake is $24,000/bbl/d (nameplate), in line with the prior consolidation from Teck last year. Furthermore, the $4.5-billion in savings should accelerate the time horizon for the company to meet its net debt targets of $12-billion and $9-billion, triggering an increase of FCF allocation to share buybacks to 75 per cent and 100 per cent (from 50 per cent currently). We now see the $12-billion target being reached in late 2024, and the $9-billion target in mid-2025 (based on the company's net debt definition)."