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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DINO:
- HF Sinclair upgraded to Strong Buy from Market Perform at Raymond James
- HF Sinclair downgraded at Wolfe Research as shares move above fair value
- HF Sinclair downgraded to Underperform from Peer Perform at Wolfe Research
- HF Sinclair price target raised to $61 from $49 at Scotiabank
- Positive Outlook for HF Sinclair Corporation Driven by Refining Segment Performance Amidst Challenges in Other Areas