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Fly News Breaks for May 4, 2018
HFC
May 4, 2018 | 07:39 EDT
Credit Suisse analyst Manav Gupta raised his price target on HollyFrontier to $70 from $57 following the company's Q1 results. In a research note to investors, Gupta noted that the company's earnings conference call focused on higher shareholder returns, as it restarted repurchases after a two-year hiatus, widening Midland-Cushing, the use of WCS crude in its refining system, HEP growth and Renewable Fuel Standard reform. Singh has a Neutral rating on shares.
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