Yahoo Finance

Piper Sandler upgraded Par Pacific (PARR) to Overweight from Neutral with a price target of $25, up from $23. The company’s non-refining businesses “provide underappreciated downside support in current low margin environment,” the analyst tells investors in a research note. The firm says Par shares have the “largest upside, by far,” to mid-cycle valuations.

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Read More on PARR:

• Par Pacific sees FY25 CapEx $210M-$240M

• Par Pacific downgraded to Neutral from Outperform at Mizuho

• Par Pacific price target lowered to $27 from $28 at JPMorgan