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Stock Market & Financial Investment News

News Breaks
March 13, 2013
07:52 EDTHFCHollyFrontier downgraded to Neutral from Outperform at Macquarie
Macquarie believes the government's forced usage of biofuels is causing unintended consequences that will negatively impact refiners and may result in high RIN prices. The firm recommends taking profits in refiners with the greatest RIN risks and downgraded Valero (VLO) and HollyFrontier (HFC) to Neutral and CVR Energy (CVR) to Underperform.
News For HFC From The Last 14 Days
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July 14, 2014
18:15 EDTHFCOn The Fly: After Hours Movers
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18:02 EDTHFCRefiners weak after Valero Q2 guidance misses consensus estimates
Shares of select companies in the oil refinery space are weaker in after-hours trading after Valero, an independent petroleum refining and marketing company, gave second quarter guidance that was lower than consensus estimates. WHAT'S NOTABLE: Valero said it expects Q2 EPS of $1.10-$1.25 versus a consensus estimate of $1.39. PRICE ACTION: Valero shares are lower by $1.70, or 3.4%, to $48.22. OTHERS TO WATCH: Tesoro Corporation (TSO) is down by almost 1%, HollyFrontier Corporation (HFC) is down 0.6%, and Marathon Petroleum Corporation (MPC) is lower by 0.36%.
July 11, 2014
10:00 EDTHFCOn The Fly: Analyst Upgrade Summary
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05:54 EDTHFCHollyFrontier upgraded to Neutral from Sell at Citigroup
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July 10, 2014
10:05 EDTHFCOn The Fly: Analyst Upgrade Summary
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07:41 EDTHFCHollyFrontier upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded HollyFrontier to Neutral based on valuation. Price target is $45.
July 9, 2014
10:02 EDTHFCOn The Fly: Analyst Upgrade Summary
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07:28 EDTHFCHollyFrontier upgraded to Outperform at Wells Fargo
Wells Fargo upgraded HollyFrontier to Outperform from Market Perform citing the recent pullback in shares and a positive outlook for crude differentials in late 2014/2015. Wells keeps a $50-$53 price target range for shares.
06:04 EDTHFCHollyFrontier upgraded to Outperform from Market Perform at Wells Fargo
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