Wells Fargo Maintains Overweight on HF Sinclair, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on HF Sinclair (NYSE:DINO) but lowers the price target from $60 to $54.
September 03, 2024 | 1:12 pm
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Wells Fargo maintains an Overweight rating on HF Sinclair but reduces the price target from $60 to $54, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in HF Sinclair's performance, but the lowered price target indicates a tempered outlook, likely due to market conditions or company-specific factors. This could lead to a slight negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100