BUZZ-Wells Fargo cuts PT on US refiners

Reuters06-06

** Brokerage Wells Fargo cuts PT on several independent U.S. refiners

** Current refining system and cracks are "better than mid-cycle, but no longer exceptional" - brokerage

** Wells Fargo adds U.S. 2024 transportation fuel demand is flat on a YTD-basis and refined product inventories remain "well-behaved", while market is slightly over-supplied

** "Growing jet fuel demand remains the one exceptional bright spot for fuel demand" - brokerage

** Following are PT changes made by brokerage:

Company New PT Old PT Rating

Delek US Holdings $25 $26 "underweight"

HF Sinclair $75 $76 "overweight"

Marathon Petroleum $223 $227 "overweight"

PBF Energy $66 $67 "overweight"

Valero Energy $179 $184 "equal weight"

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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brokerage   ** Wells Fargo adds U...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VLO","symbol_name":"瓦莱罗能源","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2441568797","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441568797","pubTimestamp":1717671698,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Brokerage Wells Fargo cuts PT on several independent U.S. refiners   ** Current refining system and cracks are \"better than mid-cycle, but no longer exceptional\" - 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