Citigroup initiates coverage on HollyFrontier (HFC +2.9%) with a resounding Buy rating and $25...

|About: HollyFrontier Corp. (HFC)|By:, SA News Editor

Citigroup initiates coverage on HollyFrontier (HFC +2.9%) with a resounding Buy rating and $25 price target. Analysts with the firm say the refiner is well-positioned in the interior of the U.S. to take advantage of excess supply of feedstocks and short supply petroleum products. Anticipated special dividends from HFC of between $2-$4 are also drawing notice.