HF Sinclair (DINO) PT Lowered to $61 at Mizuho

Mizuho analyst Nitin Kumar lowered the price target on HF Sinclair (NYSE: DINO) to $61.00 (from $64.00) while maintaining a Neutral rating.

The analyst commented: "Our price target for DINO is $61 per share, based on our NAV approach that values the company’s refining regions via future cash flows based on assumptions for the key regional benchmark crack spreads and a 10% annual discount rate. If US cracks increase by 10%, we could value DINO shares at $71 as an upside case (+17% vs. base case). If cracks decline by 10%, we could value DINO shares at $51 in a downside case (-17% vs. base case)."

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