Analyst Joe Laetsch of Morgan Stanley maintained a Buy rating on HF Sinclair Corporation, retaining the price target of $44.00.
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Joe Laetsch’s rating is based on a combination of factors influencing HF Sinclair Corporation’s performance. The refining segment showed a significant improvement, with the refining index rising approximately 45% compared to the first quarter, leading to better segment results. Despite anticipated softer earnings in the Midstream and Marketing segments, the refining operations are expected to benefit from increased crude throughput and improved capture rates, particularly after maintenance activities at key facilities.
In addition, while the Lubricants & Specialties segment faces challenges due to maintenance and tariff uncertainties, and the Renewables segment continues to struggle economically, the overall outlook remains positive. The company’s refining operations are expected to offset these challenges, with anticipated EBITDA improvements. These factors contribute to the Buy rating, reflecting confidence in HF Sinclair’s ability to navigate current market conditions and capitalize on refining opportunities.
According to TipRanks, Laetsch is a 2-star analyst with an average return of 1.7% and a 63.64% success rate. Laetsch covers the Energy sector, focusing on stocks such as Delek US Holdings, Marathon Petroleum, and Phillips 66.