Scotiabank analyst Paul Cheng raised the firm’s price target on HF Sinclair (DINO) to $66 from $61 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage, the analyst tells investors. While the firm’s latest forecast is above consensus, the revised estimates are “disappointing” compared to what industry margin indicators originally suggested.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DINO:
- HF Sinclair price target raised to $60 from $50 at Morgan Stanley
- HF Sinclair price target raised to $63 from $58 at UBS
- HF Sinclair price target raised to $54 from $45 at Barclays
- HF Sinclair price target raised to $60 from $52 at Mizuho
- HF Sinclair price target raised to $59 from $51 at Piper Sandler