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HollyFrontier (HFC +4%) is upgraded to Conviction Buy with a target price raised to $49 from $36...
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Tuesday, February 14, 2012, 11:27 AM ETHollyFrontier (HFC +4%) is upgraded to Conviction Buy with a target price raised to $49 from $36 at Goldman Sachs, which cites its "constructive Mid-Continent refining view and a best-in-class, pure-play Mid-Continent asset base," a more diverse Cushing footprint, a commitment to returning excess cash to shareholders, and superior capital project and re-investment opportunities.
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