Raymond James analyst Justin Jenkins raised the firm’s price target on Par Pacific (PARR) to $45 from $38 and keeps an Outperform rating on the shares. Raymond James expects Q3 to be “solid” for nearly all refiners, and strong overall crack spreads should push refining earnings to levels not seen since early-2024, the analyst tells investors in a research note. The firm adds that Q4 is off to a solid start, though the typical rollover in seasonal margins is starting to emerge, and believes 4Q25/2026 revisions need to stay positive for refiners to continue to work.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PARR:
- Par Pacific Holdings Signs Framework Agreement with Wells Fargo
- Par Pacific price target raised to $37 from $23 at UBS
- Par Pacific price target raised to $40 from $34 at Mizuho
- Par Pacific price target raised to $44 from $39 at Piper Sandler
- Par Pacific price target raised to $38 from $36 at Raymond James