Arko Petroleum price target raised to $25 from $23 at Raymond James

Raymond James raised the firm’s price target on Arko Petroleum (APC) to $25 from $23 and keeps a Strong Buy rating on the shares following a “solid” Q1 beat. Arko Petroleum represents a compelling equity opportunity as a scaled, growth-oriented wholesale fuel distributor operating in the highly fragmented U.S. motor fuels market, Raymond James told investors in a research note. The firm cited disciplined capital allocation, strong growth opportunities and resilient cash generation/returns for the reiteration of the Strong buy rating.