UPDATE: Morgan Stanley Reiterates Overweight on HollyFrontier; Raises PT from $41 to $43
Morgan Stanley reiterated an Overweight rating on HollyFrontier Corporation (NYSE: HFC) and increased its price target from $41 to $43.
Morgan Stanley wrote, “The Woods Cross' refinery expansion dovetails with UNEV to provide volume growth in Salt Lake City. We see additional volume and margin upside from potential expansion into the Base Oil business.”
HollyFrontier Corporation closed at $36.43 on Friday.
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