The Globe and Mail reports in its Thursday edition that TD Cowen's Menno Hulshof continues to rate Suncor Energy "buy." The Globe's David Leeder writes that Mr. Hulshof gave his share target a $2 boost to $62. Analysts on average target the shares at $59.79. Mr. Hulshof says in a note: "Suncor has beat the Street for five consecutive quarters under CEO, Mr. Rich Kruger's, leadership. We remained on the sidelines with a 'hold' rating through the release of Q2 results as we were uncertain that the streak of quarterly beats reflected enduring improvements, especially when considering the cultural/operational inertia within large companies. With another strong quarter in the books our target price increases to $62 on revised financial estimates. ... We highlight: 1) that it is now returning 'at-or-near' 100 per cent of FCF through buybacks; 2) no material spending on new bitumen capacity through 2028 (while full consolidation of Fort Hills ensures the upgraders are kept full); and 3) 100mbbl/d of growth by 2026 (vs. 2023), with capex simultaneously falling to less than $6-billion (excl. capital leases). On our estimates, Suncor trades at a strip 2025E FCF yield of 9.5-per-cent and a 2025E EV/DACF multiple of 5.4 times."