HF Sinclair price target raised to $67 from $64 at Wells Fargo

Wells Fargo analyst Roger Read raised the firm’s price target on HF Sinclair to $67 from $64 and keeps an Overweight rating on the shares. The company maintains a constructive outlook for MidCon margins, with a supply-constrained U.S. heading into driving season, the analyst tells investors in a research note. Given that HF Sinclair’s net leverage remains at 1.0-times EBITDA, shareholder returns should remain above the targeted range through the 2025 forecast period, the firm added.