Oppenheimer hikes its target price on HollyFrontier (HFC -0.2%) to $46 from $40 while keeping...

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

Oppenheimer 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.