Analyst Raises HF Sinclair (DINO) Price Target to $61

Company Overview - HF Sinclair Corporation (NYSE:DINO) is a U.S.-based petroleum refiner focusing on products such as gasoline, diesel, jet fuel, and related offerings [2]. Analyst Insights - Morgan Stanley analyst Joe Laetsch raised the price target for HF Sinclair Corporation to $61 from $60, maintaining an Overweight rating, noting that refining stocks have increased about 10% year-to-date due to wider light and heavy crude differentials linked to recent events in Venezuela [3]. - The firm's Q1 EPS estimates for large-cap refiners are approximately 5% to 10% below consensus on average, as part of Morgan Stanley's Q4 preview for the sector, while maintaining a positive long-term outlook on refining despite rating the industry In-Line due to valuations [4]. Acquisition Details - On December 8, HF Sinclair Corporation announced that one of its subsidiaries signed a definitive agreement to acquire Industrial Oils Unlimited for $38 million, which includes around $15 million of working capital, implying an EBITDA multiple of about 3.5x once synergies are included based on expectations for 2027 [5]. - The acquisition of IOU, known for its value-added service model and customized solutions, is expected to enhance HF Sinclair's position in lubricants and specialty fluids, with management viewing the transaction as a step toward expanding its role as an innovator in that market [6].