| 2017-10-06 05:42:49|
HFC 05:42 10/06 10/06/17
HollyFrontier downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Phil Gresh downgraded HollyFrontier to Underweight saying valuations in Refining are "getting full" following the post-Hurricane Harvey rally. The analyst expects Brent/WTI to ultimately revert to a $3-$4 per barrel range, which he feels could weigh on HollyFrontier the most. Gresh raised his price target for the shares to $34 from $33.