Scotiabank Maintains Sector Outperform on HF Sinclair, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on HF Sinclair (NYSE:DINO) but lowers the price target from $66 to $57.
October 10, 2024 | 5:25 pm
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Scotiabank has maintained its Sector Outperform rating for HF Sinclair but has reduced the price target from $66 to $57, indicating a more cautious outlook.
The reduction in the price target from $66 to $57 suggests a more cautious outlook on HF Sinclair's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Sector Outperform rating indicates continued confidence in the company's overall sector performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100