HF Sinclair assumed with a Buy from Neutral at Mizuho

Mizuho analyst Nitin Kumar upgraded HF Sinclair to Buy from Neutral with a price target of $68, up from $40, after assuming coverage of the name. HF is a diversified downstream company that has changed significantly in the past few years with the addition of the lubricants business, investment in renewable diesel, acquisition of the Puget Sound refinery and merger with Sinclair, Kumar tells investors in a research note. The analyst sees a discounted valuation versus HF’s core peers.