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HollyFrontier's (HFC +0.5%) price target is cut to $49 from $59 at Imperial Capital, though the...

HollyFrontier's (HFC +0.5%) price target is cut to $49 from $59 at Imperial Capital, though the team maintains its Outperform rating. The move comes as Imperial lowers its Q2 EPS forecast to $1.50 from $1.68 (report is on Aug. 7), thanks to unplanned downtime at certain refineries. The share prices of independent refiners are likely to remain under pressure for the next several weeks as analysts digest Q2 reports and rejigger estimates for 2013-14, says Imperial.
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Comments (1)
  • zorro2828
    , contributor
    Comments (595) | Send Message
     
    what a crock! This is a great Company that has great management and returns tons of money to the shareholders... Long the stock and will keep it for 30 plus years just ticking away making my account tons of money .. I am long HFC, PSX , EOG and COG...
    19 Jul 2013, 03:07 PM Reply Like
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