On Oct 10, major Wall Street analysts update their ratings for $HF Sinclair (DINO.US)$, with price targets ranging from $53 to $57.
Morgan Stanley analyst Joe Laetsch maintains with a buy rating, and maintains the target price at $57.
Wells Fargo analyst Roger Read maintains with a buy rating, and maintains the target price at $53.
Mizuho Securities analyst Nitin Kumar CFA maintains with a hold rating.
Scotiabank analyst Paul Cheng maintains with a buy rating, and adjusts the target price from $66 to $57.
Furthermore, according to the comprehensive report, the opinions of $HF Sinclair (DINO.US)$'s main analysts recently are as follows:
The company's refining operations are undergoing turnarounds, leading to a diminished margin capture, as noted in a preview of Q3 earnings.
The view is that refining margins have reached their lowest point, with diesel demand on the rise. It is also thought that reduced prices and payroll costs are bolstering gasoline demand, while refined product inventories remain under the usual levels. The anticipation of increased OPEC+ production in 2025 is expected to expand crude differentials, which would benefit coastal refineries. Refining capacity expansions in the Western Hemisphere are seen as limited, with expected closures in 2025 likely to negate the increases from recent startups and biofuel expansions.
Here are the latest investment ratings and price targets for $HF Sinclair (DINO.US)$ from 4 analysts:
Note:
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