** 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% |
(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com))