HF Sinclair (DINO) Price Target Reduced by $1, ‘Overweight’ Rating Maintained

Core Viewpoint - HF Sinclair Corporation (NYSE:DINO) is recognized as one of the best energy stocks to buy for dividends in 2026, despite recent adjustments to price targets and earnings estimates [1]. Group 1: Price Target Adjustments - Piper Sandler reduced its price target for HF Sinclair from $68 to $67 while maintaining an 'Overweight' rating, indicating a potential upside of over 39% from the current share price [3]. - Scotiabank analyst Paul Cheng lowered the price target for HF Sinclair from $66 to $62, while keeping an 'Outperform' rating on the shares [4]. Group 2: Earnings and EBITDA Forecasts - Piper Sandler cut its Q4 2025 EPS estimates for HF Sinclair from $0.96 to $0.44 per share and reduced EBITDA forecasts from $473 million to $358 million due to weaker-than-expected performance on the West Coast [3]. Group 3: Performance Challenges - The downturn in performance is attributed to lower refining capture rates and throughput, along with a modest adjustment to the Lubes segment of the refining company [3]. - Despite these challenges, Piper Sandler remains optimistic about HF Sinclair, viewing the West Coast issues as 'non-recurring' [3].