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Dahlman Rose initiates coverage of the U.S. independent refining sector with a constructive...

Dahlman Rose initiates coverage of the U.S. independent refining sector with a constructive outlook, as "the North American upstream renaissance continues to provide beneficial effects, setting up a potential long-term advantage." The firm starts Delek (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Tesoro (TSO) and Valero (VLO) at Buy.
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