HF Sinclair price target lowered to $42 from $45 at Wells Fargo

Wells Fargo lowered the firm’s price target on HF Sinclair (DINO) to $42 from $45 and keeps an Equal Weight rating on the shares. The firm cites lower 2025 refining margins. Wells sees near-term upside potential from spring gasoline season and potential for higher PADD V margins on competitor’s unplanned downtime.