Goldman Sachs Removes Western Refining (WNR) from Conviction Buy List

Goldman Sachs removed Western Refining (NYSE: WNR) from its Conviction Buy List rating but maintained a Buy rating and raised its price target to $24 (up from $21).

The firm said Western Refining remains a Buy-rated favorite SMID-cap Mid-Continent refiner. However, they see greater upside in HollyFrontier (NYSE: HFC), which was added to the Conviction Buy List.

The firm maintained FY11 EPS of $3.07, boosted FY12 from $3.10 to $3.15 and maintained FY13 at $2.55.

For an analyst ratings summary and ratings history on Western Refining click here. For more ratings news on Western Refining click here.

Shares of Western Refining closed at $17.89 yesterday.

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