NEW YORK, February 3 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Hold rating on the shares of Suncor Energy (NYSE: SU). The 12-month target price is set to C$37.

In a research note published yesterday, the analysts mention that Suncor Energy stock was flat when both oil and market were up, which is an adequate response to higher-than-expected oil sands costs. Suncor had a solid Q4 beat, though the beat came from downstream, the analysts add. Suncor again reported its cash generation strength this quarter with $1 billion FCF, an all-time high. The analysts are confident about the share, though they prefer CNQ for more oil price leverage, lower-cost operator and more portfolio flexibility, thus lesser risk to long-term production growth rate if oil sands costs spike.