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Par Pacific price target raised to $40 from $34 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Par Pacific (PARR) to $40 from $34 and keeps a Neutral rating on the shares. Goldman continues to see value in the company’s diversified earnings profile and optionality, but is more mindful of relative valuation following the strong year-to-date performance, the analyst tells investors in a research note.

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