B of A Securities Downgrades HF Sinclair to Neutral, Raises Price Target to $65
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Doug Leggate has downgraded HF Sinclair (NYSE:DINO) from Buy to Neutral, while raising the price target from $62 to $65.
August 15, 2023 | 12:11 pm
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NEUTRAL IMPACT
HF Sinclair has been downgraded to Neutral from Buy by B of A Securities, but the price target has been raised to $65.
The downgrade from Buy to Neutral suggests that the analyst sees limited upside potential for the stock in the near term. However, the increase in price target indicates that the analyst still sees some value in the stock. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100