Wolfe Research downgraded HF Sinclair (DINO) to Underperform from Peer Perform with a $42 price target The strong performance year-to-date has moved the shares above the firm’s mid-cycle value with earnings momentum stalled by seasonal factors, the analyst tells investors in a research note. Wolfe says Q2 earnings momentum is “good, not great,” and expects capure rates to again be impacted by narrower crude spreads.
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Read More on DINO:
- HF Sinclair downgraded to Underperform from Peer Perform at Wolfe Research
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- HF Sinclair price target raised to $43 from $32 at Barclays
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