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Fly News Breaks for March 24, 2017
HFC
Mar 24, 2017 | 07:31 EDT
Credit Suisse analyst Edward Westlake lowered his price target for HollyFrontier to $32 from $36 on valuation. The analyst notes that after rallying into the end of the year, HollyFrontier has sold off on margin worries and high product inventories, but should bounce back so long as operations stay on target and the margin environment improves seasonally. He reiterates an Outperform rating on the shares.
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