Western Refining (WNR) Misses Q1 EPS by 6c

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Simmons Remains Sidelined on Western Refining (WNR) - PT cut to $26

May 4, 2016 9:16 AM EDT

Simmons maintained a Neutral rating on Western Refining (NYSE: WNR) and cut the price target to $26.00 (from $27.00), following the company's 1Q earnings report. Current refining margin indicators appear below what is implied by consensus expectations for 2Q16 in Simmons' view, with the $10/bbl increase in oil prices during April 16 negatively... More