Par Pacific price target raised to $72 from $63 at Piper Sandler

Piper Sandler raised the firm’s price target on Par Pacific (PARR) to $72 from $63 and keeps an Overweight rating on the shares. The firm is updating its estimates for Par Pacific based on a combination of quarter-end mark-to-market on commodity pricing, as well as modest adjustments to operating assumptions. Piper expects Q2 to be especially strong.