Par Pacific price target raised to $30 from $25 at Raymond James

Raymond James raised the firm’s price target on Par Pacific (PARR) to $30 from $25 and keeps an Outperform rating on the shares. Raymond James expects Q2 earnings season for refiners to be the best since 1Q24, though “that’s a fairly low bar” given the difficult backdrop of the past several quarters, the analyst tells investors in a research note. The demand picture has held in well despite persistent economic and headline worries, the firm adds.