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Fly News Breaks for April 29, 2019
VLO, MPC, PBF, HFC, PSX
Apr 29, 2019 | 07:08 EDT
BofA Merrill Lynch analyst Doug Leggate said he believes the worst has passed for the U.S. independent refiners and that he now has a less cautious sector view, upgrading HollyFrontier (HFC) and PBF Energy (PBF) to Neutral and raising his rating on Phillips 66 (PSX) to Buy, stating that he sees all the stocks trading below mid-cycle valuations. He noted that his top rated ideas in the group remain Marathon Petrol (MPC) and Valero (VLO).
News For PSX;HFC;PBF;MPC;VLO From the Last 2 Days
