HF Sinclair price target raised to $80 from $68 at TD Cowen

TD Cowen raised the firm’s price target on HF Sinclair (DINO) to $80 from $68 and keeps a Hold rating on the shares. The firm pdated its model following Q1 results where the company surprised on renewable diesel results. Cowen maintains their segment forecast, though see an upside case adding $90MM annual EBITDA. Near-term, seasonality should be supportive of inland refining dynamics.