Argus Research raises its price target for HollyFrontier (HFC +0.2%) to $68 from $48, believing...

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

Argus Research raises its price target for HollyFrontier (HFC +0.2%) to $68 from $48, believing HFC may benefit from high refiner margins longer than many anticipate due to strong U.S. onshore production growth. The firm thinks the company's management is very shareholder friendly, and it maintains a Buy rating on the shares.