
Brokerage Raymond James raises price target on several U.S. refiners to reflect improving margins
Raymond James says September has "started out strong," showing the strongest refining margins of the third quarter on a month-to-date basis
"While the capture rates may retreat from higher levels of the second quarter, higher benchmark indicators imply earnings upside," brokerage adds
Brokerage changes PT on the following companies:
Company | New PT | Old PT | Upside/downside to last close |
Delek US Holding DK.N | $33 | $26 | 9.2% |
HF Sinclair DINO.N | $60 | $57 | 17.4% |
Marathon Petroleum MPC.N | $199 | $195 | 9.8% |
Par Pacific PARR.N | $38 | $36 | 13.4% |
Phillips 66 PSX.N | $145 | $142 | 11.3% |
Valero Energy VLO.N | $177 | $170 | 12.7% |