Shares of Par Pacific Holdings Inc (PARR) are soaring in Tuesday's intraday trading, climbing 5.01% following a bullish analyst move. The stock's upward momentum comes as Mizuho raised its target price for Par Pacific from $18 to $21, signaling increased confidence in the company's future performance.

The revised target price represents a significant upside potential from Par Pacific's previous closing price. Mizuho's more optimistic stance on the stock suggests that analysts see strong growth prospects or improved fundamentals for the company, which operates in the energy and infrastructure sector.

Investors are responding positively to this development, as higher target prices from respected financial institutions often lead to increased buying interest. The substantial intraday gain reflects the market's quick reaction to the news and could indicate a shift in sentiment towards Par Pacific. As always, investors are advised to conduct their own research and consider their individual financial goals before making investment decisions based on analyst recommendations.