Piper Sandler analyst Ryan Todd raised the firm’s price target on HF Sinclair to $70 from $63 and keeps an Overweight rating on the shares following the Q2 report. While still below Q2 of 2022 peaks, independent refiner margins are increasingly supportive of the thesis that structural tightness in the global products market would prove more durable than the market feared, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DINO:
- HF Sinclair price target raised to $60 from $52 at Wells Fargo
- HF Sinclair reports Q2 EPS 40c vs. 45c last year
- DINO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- HF Sinclair price target raised to $63 from $57 at Piper Sandler
- HF Sinclair price target raised to $52 from $48 at Wells Fargo