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Why Par Pacific (PARR) Is Up 12.0% After Dual Analyst Boosts Highlight Hawaii And Mainland Refining
Par Pacific Holdings (PARR) shares rose 12.0% following upgrades from Goldman Sachs and JPMorgan, who highlighted the company’s strong earnings in Hawaii and the potential of its mainland refining assets. The analyst boosts emphasize Par Pacific’s exposure to fuel markets influenced by Singapore tightness. Despite the positive sentiment, the company faces risks from regional shocks, potentially costly outages at aging refineries, and concentrated assets.