HF Sinclair price target raised to $66 from $63 at Mizuho

Mizuho analyst Nitin Kumar raised the firm’s price target on HF Sinclair to $66 from $63 and keeps a Neutral rating on the shares. Although the refiner industry continues to improve asset performance, margin capture, and cost control, stock prices have outperformed crack spreads while crack futures remain roughly in line with historical averages, the analyst tells investors in a research note. The firm raised price targets by 16% across its coverage, but sees only 2% upside from current share levels.