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Fly News Breaks for February 17, 2016
HEP
Feb 17, 2016 | 07:26 EDT
BofA/Merrill analyst Gabe Moreen upgraded Holly Energy two notches to Buy from Underperform and lowered his price target to $28 from $33 on shares. The analyst said Holy has a low risk business profile, stable and fee based revenues, limited external funding needs, low counterparty credit risks, and an investment grade sponsor.
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