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Oppenheimer hikes its target price on HollyFrontier (HFC -0.2%) to $46 from $40 while keeping...
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Monday, August 20, 2012, 10:24 AM ETOppenheimer hikes its target price on HollyFrontier (HFC -0.2%) to $46 from $40 while keeping its Outperform rating. Crude price differentials continue to depend on the pace of production growth in the Mid-Continent, and the firm expects this advantage to last longer than current projections. Oppenheimer also likes HFC's recent buyback and special dividends.
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