Piper Sandler analyst Ryan Todd raised the firm’s price target on HF Sinclair (DINO) to $53 from $43 and keeps an Overweight rating on the shares. The firm is adjusting its estimates for Q2 based on a quarter-end mark to market on commodity prices and slight adjustments to operating assumptions. Market dynamics heading into Q3 remain broadly supportive, although the recent run in stocks has left valuations feeling somewhat stretched, Piper adds.
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Read More on DINO:
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