Holly Corp (HOC +7.6%) jumps after UBS initiates with a buy, saying its position as a niche...

|By:, SA News Editor

Holly Corp (HOC +7.6%) jumps after UBS initiates with a buy, saying its position as a niche player in mid-continent refining isn't fully reflected in the price. The pending merger with Frontier Oil (FRO +6.8%) will only boost its presence in the region.