UPDATE - Barclays Initiates Coverage on HollyFrontier (HFC) with an Equalweight; Current Price Reflects Brent/WTI Spread
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Price: $36.39 --0%
Rating Summary:
10 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Barclays initiates coverage on HollyFrontier (NYSE: HFC) with an Equalweight. PT $71.
Barclays analyst says, "We have long been impressed by the track records of the senior management teams in both legacy Holly and Frontier. Over the years, these two management teams have demonstrated good business judgment, great financial discipline and pretty innovative strategic thinking. However, despite our favorable view of management as well as the company's advantaged position to benefit from the current elevated WTI/Brent spread, we have decided to stay on the sidelines with a EW rating."
Barclays analyst says, "We have long been impressed by the track records of the senior management teams in both legacy Holly and Frontier. Over the years, these two management teams have demonstrated good business judgment, great financial discipline and pretty innovative strategic thinking. However, despite our favorable view of management as well as the company's advantaged position to benefit from the current elevated WTI/Brent spread, we have decided to stay on the sidelines with a EW rating."
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