Goldman Sachs Maintains Neutral on PBF Energy, Raises Price Target to $81

Shell's Tri Star Deal Deepens Its U.S. Fuel Retail Strategy

Shell plc announced it will acquire the remaining 67% stake in Tri Star Energy, gaining full ownership of 320 fuel and convenience retail sites across the Southeastern United States. The deal, expected to close by end of 2026, aligns with Shell's strategy to focus capital on high-return businesses and will nearly double its company-owned retail footprint in the region to approximately 550 sites.

Shares of oil and gas refining and marketing companies are trading higher amid heightened investor attention on elevated diesel prices and refinery crack spreads, which may help refiners maintain pricing power heading into a period of lighter demand following the summer driving season.

Shares of oil and gas refining and marketing companies are trading higher as oil prices continue gains amid the U.S.-Iran impasse over the Straight of Hormuz and a Ukrainian drone strike on one of Russia's largest oil refineries, Lukoil Perm. Investor attention has also turned to soaring refining margins for gasoline and diesel, which help buttress optimism for the sector ahead of late summer and Labor Day demand.

Snowflake To Rally Around 24%? Here Are 10 Top Analyst Forecasts For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. HC Wainwright & Co raised the price target for argenx SE - ADR (NASDAQ: ARGX) from $940 to $1,202. Goldman Sachs boosted PBF Energy Inc (NYSE: PBF) price target from $71 to $81. B of A Securities increased price target for Americold Realty Trust Inc (NYSE: COLD) from $15 to $16.