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Wells Fargo upgrades HF Sinclair to Overweight with $55 price target
The Fly

Wells Fargo upgrades HF Sinclair to Overweight with $55 price target

As previously reported, Wells Fargo upgraded HF Sinclair to Overweight from Equal Weight with a $55 price target. Unlocking value via disposition of potentially high-multiple and non-core ops is a well-worn path in the refining sector, the firm notes. Wells believes selling Lubes could raise HF Sinclair shareholders’ returns by +30%.

Published first on TheFly

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