Morgan Stanley Maintains Overweight on HF Sinclair, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on HF Sinclair but lowered its price target from $63 to $57.
September 16, 2024 | 4:56 pm
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Morgan Stanley has maintained an Overweight rating on HF Sinclair but lowered its price target from $63 to $57, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in HF Sinclair's performance, but the lowered price target indicates a tempered outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100