Piper Sandler Upgrades HF Sinclair (DINO) to $68 as 2026 West Coast Supply Tightens

Group 1 - HF Sinclair Corporation (NYSE:DINO) is identified as a cheap stock to buy for the next 3 years, with Piper Sandler upgrading its rating to Overweight and raising the price target to $68 from $64 [1] - Mizuho also increased its price target for HF Sinclair to $63 from $62 while maintaining an Outperform rating, reflecting a broader positive outlook for the exploration and production sector despite current market challenges [2] - Piper Sandler highlights HF Sinclair's significant West Coast exposure as a key advantage, expecting a tighter regional market to enhance margins and capture rates [1][3] Group 2 - HF Sinclair operates as an independent energy company in the US, with five segments: Refining, Renewables, Marketing, Lubricants and Specialties, and Midstream [4] - Mizuho suggests reallocating risk toward oil-focused exploration and production companies while remaining selective with natural gas stocks, indicating a strategic shift in investment focus [3]