BUZZ-Piper Sandler cuts PT on US energy companies
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Piper Sandler has cut price targets on several US energy companies due to a bearish outlook for crude and global gas, which may limit sector performance. The brokerage raised ratings for HF Sinclair and PBF Energy to "overweight" while adjusting price targets for others, including ExxonMobil, Chevron, and Valero. The new price targets reflect a cautious stance on the energy sector despite some companies showing strong potential for upside.
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