JP Morgan Upgrades Par Pacific Hldgs to Overweight, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall has upgraded Par Pacific Holdings (NYSE:PARR) from Neutral to Overweight, while lowering the price target from $36 to $30.
October 02, 2024 | 1:11 pm
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POSITIVE IMPACT
JP Morgan has upgraded Par Pacific Holdings to Overweight, indicating a positive outlook, but has lowered the price target to $30, suggesting some caution.
The upgrade to Overweight suggests a positive outlook and potential for stock appreciation, which is a bullish signal. However, the lowered price target from $36 to $30 indicates some caution regarding the stock's potential upside. Overall, the upgrade is likely to have a positive short-term impact on the stock price, but the lowered target may temper expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100