Par Pacific price target raised to $53 from $44 at Goldman Sachs

Goldman Sachs analyst Neil Mehta raised the firm’s price target on Par Pacific (PARR) to $53 from $44 and keeps a Neutral rating on the shares. Estimates across U.S. Majors and Canadian Oils have been updated to reflect recent Middle East disruptions, with price targets raised despite strong year-to-date equity performance, the analyst tells investors in a research note.