Piper Sandler Maintains Overweight on HF Sinclair, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains an Overweight rating on HF Sinclair (NYSE:DINO) but lowers the price target from $58 to $49.

September 20, 2024 | 1:59 pm
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Piper Sandler has maintained its Overweight rating on HF Sinclair but reduced the price target from $58 to $49, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in HF Sinclair's performance, but the lowered price target indicates a more cautious outlook, likely due to changing market conditions or company performance expectations. This could lead to a short-term negative impact on the stock price as investors adjust to the new target.
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