Tuesday, November 20, 2012

Chart of the Day - HollyFrontier Corp (HFC)

The "Chart of the Day" is HollyFrontier Corp (HFC), which showed up on Friday's Barchart "All-Time High" list. HollyFrontier on Friday posted a new all-time high of $42.65 and closed +1.89%. TrendSpotter has been long since Nov 12 at $41.37. In recent news on the stock, Imperial Capital on Nov 15 initiated coverage on HollyFrontier with an Outperform rating and a target of $50. Barclays on Nov 9 upgraded HollyFrontier to Overweight from Equal Weight and raised its target to $65 from $55 due to a positive dividend yield and favorable pipeline economics. HollyFrontier Corp, with a market cap of $8.5 billion, produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products.


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