Raymond James Maintains Outperform on Holly Energy Partners, Raises Price Target to $21
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Justin Jenkins maintains an Outperform rating on Holly Energy Partners (NYSE:HEP) and raises the price target from $20 to $21.
August 04, 2023 | 2:53 pm
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POSITIVE IMPACT
Raymond James maintains an Outperform rating on Holly Energy Partners and raises the price target from $20 to $21, which could lead to a positive market reaction.
The Outperform rating maintained by Raymond James indicates that they expect Holly Energy Partners to outperform the market. The increase in the price target from $20 to $21 suggests that they believe the stock is undervalued at its current price. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100