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Fly News Breaks for March 2, 2020
PARR, VLO, PSX, MPC, HFC
Mar 2, 2020 | 05:04 EDT
Goldman Sachs analyst Neil Mehta upgraded HollyFrontier (HFC) to Neutral from Sell with a price target of $36, down from $46. Following the recent underperformance of the shares, HollyFrontier's valuation better reflects risks around demand, lubricants, and Brent-WTI, Mehta tells investors in a research note. The analyst continues to recommend investors own Marathon Petroleum (MPC), Phillips 66 (PSX), Valero (VLO) and Par Pacific (PARR) among the U.S. refiners.
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