The Globe and Mail reports in its Friday, Nov. 15, edition that Desjardins Securities analyst Chris MacCulloch elevated his recommendation for Suncor Energy to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch gave his share target a $5 boost to $66. Analysts on average target the shares at $60.69. Mr. MacCulloch says in a note: "We were gobsmacked by Suncor's remarkable 3Q24 operational performance, which included beats across every reporting segment and performance metric in a true masterpiece of a quarter. Suncor has made considerable progress toward targeted operational improvements outlined at the May investor update by demonstrating its ability to improve upgrader and refinery utilization, with focus now shifting to the addition of low-cost production through debottlenecking projects. Accordingly, we have further trimmed our cost assumptions while slightly increasing our upstream production forecast to reflect expectations for higher run rates and incremental capacity expansions. ... While most of the low-hanging fruit has now been picked from a cost perspective, we believe there is scope for further improvements in efficiencies."