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Fly News Breaks for May 7, 2015
HFC
May 7, 2015 | 06:38 EDT
As previously reported, RBC Capital upgraded HollyFrontier to Outperform from Sector Perform and increased its price target to $49 from $40. The firm said HolyFrontier demonstrated "great operational execution in Q1" and can focus more on growth going forward. Additionally, the firm said HollyFrontier's new MKP drop strategy will be very accretive.
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