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.
News For HFC;MPC;PSX;VLO;PARR From the Last 2 Days
Mar 1, 2021 | 11:05 EST
Phillips 66 has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company, as its President and COO effective April 1. Lashier has served as CPChem's CEO since 2017. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50% interest, in 2000.