HF Sinclair price target raised to $75 from $66 at Raymond James

Raymond James analyst Justin Jenkins raised the firm’s price target on HF Sinclair (DINO) to $75 from $66 and keeps a Strong Buy rating on the shares. Consensus estimates for Q1 may have risen sharply due to oil market and Middle East conflict-driven margin spikes, but short-term refiners may struggle to fully capture these “spiky” margins, the analyst tells investors in a research note. Looking to Q2 and beyond, forward strip margins suggest considerably higher earnings potential, with medium-term upside likely to dominate market focus as elevated refining margins persist well after the conflict subsides, the firm says.