Raymond James raises PT on refiners on strong margins
09/09/2025 18:12
** 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% |
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