Morgan Stanley raised its price target on HF Sinclair to $78 from $69 and reiterated an Overweight rating on June 12. The firm updated its refiner price targets and earnings estimates to reflect the latest commodity price outlook through 2027, noting that refining margins have eased from their mid-May peak but remain well above pre-conflict levels. Even if the Strait of Hormuz reopens, refining cracks are likely to remain supported by tight product inventories and steady demand trends. Earlier, on June 5, Freedom Broker initiated coverage with a Hold rating and a $62 price target, citing a cautious view on long-term demand for refined fuels despite the company's diversified portfolio and disciplined capital return program.
HF Sinclair CorpMorgan Stanley raised price target to $78 and reiterated Overweight rating, citing favorable refining margin outlook.
Morgan Stanley