JPMorgan raised the firm’s price target on HF Sinclair to $58 from $55 and keeps a Neutral rating on the shares. Despite fresh concerns around the demand side given fears of banking sector contagion seeping into the broader economy, refiners have held up relatively well given the circumstances, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DINO:
- Wells Fargo upgrades HF Sinclair to Overweight with $55 price target
- HF Sinclair upgraded to Overweight from Equal Weight at Wells Fargo
- UBS starts eight independent refiners with three Buys
- HF Sinclair initiated with a Neutral at UBS
- HF Sinclair downgraded to Market Perform at TD Cowen on elevated maintenance