The Globe and Mail reports in its Friday, Feb. 23, edition that RBC Dominion Securities analyst Greg Pardy calls Suncor Energy a "turnaround story." The Globe's David Leeder writes in the Eye On Equities column that Mr. Pardy came to see Suncor Energy's outlook improving after it posted "strong" fourth quarter 2023 results. Accordingly, Mr. Pardy continues to rate Suncor Energy "outperform." The RBC stockpicker tweaked his share target ahead by a loonie to $52. Analysts on average target the shares at $51.53. Mr. Pardy says in a note: "Suncor closed the books on 2023 in what can be referred to as a year of favorable inflection amid new CEO leadership and resolve to restore its leading performance. The company prereleased its impressive fourth quarter production of 808,100 barrels per day back on Jan. 3, but exceeded our bottom line expectations in connection with a large (one-time) tax benefit of $880-million related to its acquisition of TotalEnergies Canada, lower operating costs and royalties." Mr. Pardy also reaffirmed Suncor Energy's spot on RBC's "Global Energy Best Ideas" list. The Globe reported on Nov. 10 that Mr. Pardy had reiterated his "outperform" recommendation for Suncor when it could be had for $45.78.