UPDATE: Wolfe Research Downgrades HollyFrontier (HFC) to Underperform

July 14, 2021 3:07 AM EDT
Get Alerts HFC Hot Sheet
Price: $32.35 +1.35%

Rating Summary:
    8 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 13 | New: 52
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(Updated - July 14, 2021 5:39 AM EDT)

Wolfe Research analyst Sam Margolin downgraded HollyFrontier (NYSE: HFC) from Peerperform to Underperform with a price target of $31.00.

The analyst comments " We are downgrading HFC shares from Peer Perform to Underperform, with a $31 price target. Our downgrade is based on a cautious industry outlook, and within the sector we prefer stocks with more capital returns capacity over the coming periods. Put another way, against an Underweight sector view, we are focused on more defensive stocks"

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

Shares of HollyFrontier closed at $31.20 yesterday.

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