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Fly News Breaks for July 12, 2016
MPC, HFC
Jul 12, 2016 | 06:49 EDT
Deutsche Bank analyst Ryan Todd downgraded HollyFrontier (HFC) to Hold saying headwinds like high gasoline inventories and weak crude differentials are likely to continue over the medium term. The analyst cut his price target for the shares to $30 from $53. Todd prefers shares of Marathon Petroleum (MPC).
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