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Stock impact report

Analyst Raises HF Sinclair (DINO) Price Target to $61 [Yahoo! Finance]

HF Sinclair Corporation (DINO) 
Company Research Source: Yahoo! Finance
HF Sinclair Corporation (NYSE:DINO) is a U.S.-based petroleum refiner with a focus on products such as gasoline, diesel, jet fuel, and related offerings. On January 27, Morgan Stanley analyst Joe Laetsch raised his price target on HF Sinclair Corporation (NYSE:DINO) to $61 from $60 and kept an Overweight rating. He pointed out that refining stocks are up about 10% year-to-date, helped by wider light and heavy crude differentials tied to recent events in Venezuela. After updating for current forward crack spreads, the firm's Q1 EPS estimates for large-cap refiners sit roughly 5% to 10% below consensus on average. That view came as part of Morgan Stanley's Q4 preview for the sector. Over the longer term, the firm still sees reasons to stay positive on refining, though it continues to rate the industry In-Line, largely due to valuations. Earlier, on December 8, HF Sinclair Corporation said one of its subsidiaries had signed a definitive agreement to acquire Industrial Oils Unlimit Show less Read more
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