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Periodicals
HollyFrontier, CVR Refining cut U.S. refinery jobs, Reuters reports » 08:54
07/02/20
07/02
08:54
07/02/20
08:54
HFC

HollyFrontier

$27.71 /

-1.6 (-5.46%)

, CVI

CVR Energy

$19.06 /

-1.07 (-5.32%)

CVR Refining (CVI) and…

CVR Refining (CVI) and HollyFrontier (HFC) have both cut their workforces in recent weeks amid declining demand due to the ongoing coronavirus pandemic, Reuters' Laura Sanicola reports, citing three sources. According to the sources, CVR Refining has laid off approximately 50 salaried employees and HollyFrontier has cut at least 12 jobs, Reference Link

ShowHide Related Items >><<
HFC HollyFrontier
$27.71 /

-1.6 (-5.46%)

CVI CVR Energy
$19.06 /

-1.07 (-5.32%)

HFC HollyFrontier
$27.71 /

-1.6 (-5.46%)

06/30/20 Cowen
HollyFrontier downgraded to Underperform at Cowen
06/30/20 Cowen
HollyFrontier downgraded to Underperform from Market Perform at Cowen
06/12/20
Fly Intel: Top five analyst downgrades
06/11/20 Goldman Sachs
HollyFrontier downgraded to Sell from Neutral at Goldman Sachs
CVI CVR Energy
$19.06 /

-1.07 (-5.32%)

04/14/20
Fly Intel: Top five analyst upgrades
04/14/20 Scotiabank
CVR Energy upgraded to Sector Perform from Underperform at Scotiabank
03/29/20 Credit Suisse
CVR Energy downgraded to Underperform with $16 target at Credit Suisse
03/27/20 Credit Suisse
CVR Energy downgraded to Underperform from Neutral at Credit Suisse
HFC HollyFrontier
$27.71 /

-1.6 (-5.46%)

CVI CVR Energy
$19.06 /

-1.07 (-5.32%)

HFC HollyFrontier
$27.71 /

-1.6 (-5.46%)

HFC HollyFrontier
$27.71 /

-1.6 (-5.46%)

Tuesday
Downgrade
HollyFrontier downgraded to Underperform at Cowen » 09:20
06/30/20
06/30
09:20
06/30/20
09:20
HFC

HollyFrontier

$28.43 /

+0.23 (+0.82%)

As reported previously,…

As reported previously, Cowen analyst Jason Gabelman downgraded HollyFrontier to Underperform from Market Perform with a price target of $22, down from $26. The analyst said the company is the most levered to Brent-WTI crude diffs, which he expects to be structurally narrower moving forward.

ShowHide Related Items >><<
HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

06/30/20 Cowen
HollyFrontier downgraded to Underperform from Market Perform at Cowen
06/12/20
Fly Intel: Top five analyst downgrades
06/11/20 Goldman Sachs
HollyFrontier downgraded to Sell from Neutral at Goldman Sachs
06/08/20 Wells Fargo
HollyFrontier price target raised to $37 from $25 at Wells Fargo
HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

Downgrade
HollyFrontier downgraded to Underperform from Market Perform at Cowen » 05:42
06/30/20
06/30
05:42
06/30/20
05:42
HFC

HollyFrontier

$28.43 /

+0.23 (+0.82%)

Cowen analyst Jason…

Cowen analyst Jason Gabelman downgraded HollyFrontier to Underperform from Market Perform with a $22 price target.

ShowHide Related Items >><<
HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

06/12/20
Fly Intel: Top five analyst downgrades
06/11/20 Goldman Sachs
HollyFrontier downgraded to Sell from Neutral at Goldman Sachs
06/08/20 Wells Fargo
HollyFrontier price target raised to $37 from $25 at Wells Fargo
06/02/20 Tudor Pickering
HollyFrontier upgraded to Buy from Hold at Tudor Pickering
HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

HFC HollyFrontier
$28.43 /

+0.23 (+0.82%)

Over a week ago
Downgrade
Fly Intel: Top five analyst downgrades » 10:03
06/12/20
06/12
10:03
06/12/20
10:03
TSLA

Tesla

$982.50 /

+8.65 (+0.89%)

, UAL

United Airlines

$37.33 /

+4.01 (+12.03%)

, SAVE

Spirit Airlines

$18.30 /

+2.21 (+13.74%)

, CAT

Caterpillar

$124.75 /

+3.2 (+2.63%)

, HFC

HollyFrontier

$31.49 /

+1.21 (+4.00%)

, ESS

Essex Property Trust

$246.09 /

-0.18 (-0.07%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) was downgraded to Underweight from Equal Weight at Morgan Stanley and to Neutral from Buy at Goldman Sachs. 2. Spirit Airlines (SAVE) was downgraded to Underperform from Neutral at Credit Suisse while United Airlines (UAL) was downgraded to Neutral from Outperform. 3. Caterpillar (CAT) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Tiss saying he expects a near-term recovery to be somewhat challenged by customers' budgetary constraints and stretched government finances, which will "overwhelm" the numerous improvements occurring at the company. 4. HollyFrontier (HFC) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying the stock has been one of the best performing refining equities over the past 12 months, but its risk-reward skew has turned to the downside. 5. Essex Property Trust (ESS) downgraded to Underperform from Market Perform at Raymond James with analyst Buck Horne citing his growing concern that that net effective pricing and cash rent collections in several California markets have not yet found stability and are actually under increasing pressure through the first week of June. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
UAL United Airlines
$37.33 /

+4.01 (+12.03%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

SAVE Spirit Airlines
$18.30 /

+2.21 (+13.74%)

HFC HollyFrontier
$31.49 /

+1.21 (+4.00%)

ESS Essex Property Trust
$246.09 /

-0.18 (-0.07%)

CAT Caterpillar
$124.75 /

+3.2 (+2.63%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

06/12/20 Morgan Stanley
Tesla downgraded to Underweight on China risks at Morgan Stanley
06/12/20 Morgan Stanley
Tesla downgraded to Underweight from Equal Weight at Morgan Stanley
06/11/20 Goldman Sachs
Tesla downgraded to Neutral from Buy at Goldman Sachs
06/10/20 Wedbush
Tesla price target raised to $1,000 from $800 at Wedbush
UAL United Airlines
$37.33 /

+4.01 (+12.03%)

06/12/20 Credit Suisse
United Airlines downgraded to Neutral at Credit Suisse on balanced risk-reward
06/12/20 Credit Suisse
United Airlines downgraded to Neutral from Outperform at Credit Suisse
06/12/20 Credit Suisse
United Airlines downgraded to Neutral from Outperform at Credit Suisse
06/10/20
Fly Intel: Top five analyst downgrades
SAVE Spirit Airlines
$18.30 /

+2.21 (+13.74%)

06/12/20 Credit Suisse
Spirit Airlines downgraded to Underperform at Credit Suisse on valuation
06/12/20 Credit Suisse
Spirit Airlines downgraded to Underperform from Neutral at Credit Suisse
06/12/20 Credit Suisse
Spirit Airlines downgraded to Underperform from Neutral at Credit Suisse
06/10/20 JPMorgan
Spirit Airlines price target raised to $14 from $10 at JPMorgan
CAT Caterpillar
$124.75 /

+3.2 (+2.63%)

06/12/20 BMO Capital
Caterpillar downgraded to Market Perform from Outperform at BMO Capital
06/09/20 Standpoint Research
Caterpillar downgraded to Hold from Buy at Standpoint Research
05/14/20 Baird
Caterpillar April retail better than feared, says Baird
05/05/20 Stephens
Finning results have takeaways relevant to Caterpillar, says Stephens
HFC HollyFrontier
$31.49 /

+1.21 (+4.00%)

06/11/20 Goldman Sachs
HollyFrontier downgraded to Sell from Neutral at Goldman Sachs
06/08/20 Wells Fargo
HollyFrontier price target raised to $37 from $25 at Wells Fargo
06/02/20 Tudor Pickering
HollyFrontier upgraded to Buy from Hold at Tudor Pickering
05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
ESS Essex Property Trust
$246.09 /

-0.18 (-0.07%)

06/12/20 Raymond James
Essex Property Trust downgraded to Underperform from Market Perform at Raymond James
06/12/20 Raymond James
Essex Property Trust downgraded to Underperform from Market Perform at Raymond James
04/02/20 Goldman Sachs
Essex Property Trust downgraded to Neutral from Buy at Goldman Sachs
04/01/20 Morgan Stanley
Essex Property Trust downgraded to Equal Weight on rent risk at Morgan Stanley
UAL United Airlines
$37.33 /

+4.01 (+12.03%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

SAVE Spirit Airlines
$18.30 /

+2.21 (+13.74%)

HFC HollyFrontier
$31.49 /

+1.21 (+4.00%)

ESS Essex Property Trust
$246.09 /

-0.18 (-0.07%)

CAT Caterpillar
$124.75 /

+3.2 (+2.63%)

UAL United Airlines
$37.33 /

+4.01 (+12.03%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

SAVE Spirit Airlines
$18.30 /

+2.21 (+13.74%)

HFC HollyFrontier
$31.49 /

+1.21 (+4.00%)

CAT Caterpillar
$124.75 /

+3.2 (+2.63%)

UAL United Airlines
$37.33 /

+4.01 (+12.03%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

SAVE Spirit Airlines
$18.30 /

+2.21 (+13.74%)

HFC HollyFrontier
$31.49 /

+1.21 (+4.00%)

CAT Caterpillar
$124.75 /

+3.2 (+2.63%)

UAL United Airlines
$37.33 /

+4.01 (+12.03%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

SAVE Spirit Airlines
$18.30 /

+2.21 (+13.74%)

CAT Caterpillar
$124.75 /

+3.2 (+2.63%)

TSLA Tesla
$982.50 /

+8.65 (+0.89%)

Downgrade
HollyFrontier downgraded to Sell from Neutral at Goldman Sachs » 18:07
06/11/20
06/11
18:07
06/11/20
18:07
HFC

HollyFrontier

$30.28 /

-3.95 (-11.54%)

Goldman Sachs analyst…

Goldman Sachs analyst Neil Mehta downgraded HollyFrontier to Sell from Neutral with a price target of $28, down from $33. The stock has been one of the best performing refining equities over the past 12 months, but its risk-reward skew has turned to the downside, the analyst tells investors in a research note. Mehta cites a deterioration in the outlook for US production growth, the company's elevated capital intensity relative to its 2021 peers, and his concerns with near-term profitability in the HFLSP business.

ShowHide Related Items >><<
HFC HollyFrontier
$30.28 /

-3.95 (-11.54%)

HFC HollyFrontier
$30.28 /

-3.95 (-11.54%)

06/08/20 Wells Fargo
HollyFrontier price target raised to $37 from $25 at Wells Fargo
06/02/20 Tudor Pickering
HollyFrontier upgraded to Buy from Hold at Tudor Pickering
05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
05/04/20 Mizuho
Mizuho upgrades Valero, Phillips 66 and HollyFrontier to Buy from Neutral
HFC HollyFrontier
$30.28 /

-3.95 (-11.54%)

HFC HollyFrontier
$30.28 /

-3.95 (-11.54%)

HFC HollyFrontier
$30.28 /

-3.95 (-11.54%)

Recommendations
HollyFrontier price target raised to $37 from $25 at Wells Fargo » 08:04
06/08/20
06/08
08:04
06/08/20
08:04
HFC

HollyFrontier

$36.76 /

+2.345 (+6.81%)

Wells Fargo analyst Roger…

Wells Fargo analyst Roger Read raised the firm's price target on HollyFrontier to $37 from $25 following the recently announced expansion of its renewable diesel operations. The analyst keeps an Equal Weight rating on the shares.

ShowHide Related Items >><<
HFC HollyFrontier
$36.76 /

+2.345 (+6.81%)

HFC HollyFrontier
$36.76 /

+2.345 (+6.81%)

06/02/20 Tudor Pickering
HollyFrontier upgraded to Buy from Hold at Tudor Pickering
05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
05/04/20 Mizuho
Mizuho upgrades Valero, Phillips 66 and HollyFrontier to Buy from Neutral
05/04/20 Mizuho
HollyFrontier upgraded to Buy from Neutral at Mizuho
HFC HollyFrontier
$36.76 /

+2.345 (+6.81%)

HFC HollyFrontier
$36.76 /

+2.345 (+6.81%)

HFC HollyFrontier
$36.76 /

+2.345 (+6.81%)

Hot Stocks
HollyFrontier to cut cash compensation for non-employee directors by 10% » 06:09
06/04/20
06/04
06:09
06/04/20
06:09
HFC

HollyFrontier

$33.74 /

+1.16 (+3.56%)

On June 3, in light of…

On June 3, in light of current economic conditions and in line with other expense reduction actions being taken by HollyFrontier, at the request of Michael Jennings, the Compensation Committee of the Board of Directors of the Corporation approved a 10% salary reduction for Jennings for the remainder of 2020, effective July 1. In addition, the Board approved a 10% reduction in the cash compensation to be paid to the non-employee directors for the remainder of 2020, effective July 1.

ShowHide Related Items >><<
HFC HollyFrontier
$33.74 /

+1.16 (+3.56%)

HFC HollyFrontier
$33.74 /

+1.16 (+3.56%)

06/02/20 Tudor Pickering
HollyFrontier upgraded to Buy from Hold at Tudor Pickering
05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
05/04/20 Mizuho
Mizuho upgrades Valero, Phillips 66 and HollyFrontier to Buy from Neutral
05/04/20 Mizuho
HollyFrontier upgraded to Buy from Neutral at Mizuho
HFC HollyFrontier
$33.74 /

+1.16 (+3.56%)

HFC HollyFrontier
$33.74 /

+1.16 (+3.56%)

HFC HollyFrontier
$33.74 /

+1.16 (+3.56%)

Over a month ago
Upgrade
HollyFrontier upgraded to Buy from Hold at Tudor Pickering » 07:54
06/02/20
06/02
07:54
06/02/20
07:54
HFC

HollyFrontier

$31.20 /

-0.27 (-0.86%)

Tudor Pickering analyst…

Tudor Pickering analyst Matthew Blair upgraded HollyFrontier to Buy from Hold with a $38 price target.

ShowHide Related Items >><<
HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
05/04/20 Mizuho
Mizuho upgrades Valero, Phillips 66 and HollyFrontier to Buy from Neutral
05/04/20 Mizuho
HollyFrontier upgraded to Buy from Neutral at Mizuho
03/27/20 Wolfe Research
HollyFrontier upgraded to Outperform from Peer Perform at Wolfe Research
HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

Conference/Events
HollyFrontier to hold a conference call » 16:55
06/01/20
06/01
16:55
06/01/20
16:55
HFC

HollyFrontier

$31.20 /

-0.27 (-0.86%)

Management holds a…

Management holds a conference call to discuss the conversion of the Cheyenne Refinery to renewable diesel production on June 1 at 5 pm. Webcast Link

ShowHide Related Items >><<
HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
05/04/20 Mizuho
Mizuho upgrades Valero, Phillips 66 and HollyFrontier to Buy from Neutral
05/04/20 Mizuho
HollyFrontier upgraded to Buy from Neutral at Mizuho
03/27/20 Wolfe Research
HollyFrontier upgraded to Outperform from Peer Perform at Wolfe Research
HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

HFC HollyFrontier
$31.20 /

-0.27 (-0.86%)

Conference/Events
HollyFrontier to hold a conference call » 12:36
06/01/20
06/01
12:36
06/01/20
12:36
HFC

HollyFrontier

$31.40 /

-0.07 (-0.22%)

Management holds a…

Management holds a conference call to discuss the conversion of the Cheyenne Refinery to renewable diesel production on June 1 at 5 pm. Webcast Link

ShowHide Related Items >><<
HFC HollyFrontier
$31.40 /

-0.07 (-0.22%)

HFC HollyFrontier
$31.40 /

-0.07 (-0.22%)

05/13/20 Morgan Stanley
U.S. gasoline consumption appears to have bottomed, says Morgan Stanley
05/04/20 Mizuho
Mizuho upgrades Valero, Phillips 66 and HollyFrontier to Buy from Neutral
05/04/20 Mizuho
HollyFrontier upgraded to Buy from Neutral at Mizuho
03/27/20 Wolfe Research
HollyFrontier upgraded to Outperform from Peer Perform at Wolfe Research
HFC HollyFrontier
$31.40 /

-0.07 (-0.22%)

HFC HollyFrontier
$31.40 /

-0.07 (-0.22%)

HFC HollyFrontier
$31.40 /

-0.07 (-0.22%)

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