Street View: HF Sinclair hit by CEO leave, disclosure probe as brokers lift PTs
U.S. refiner HF Sinclair DINO.N on Wednesday said that CEO Tim Go is taking voluntary leave amid a disclosure review
Shares of the company fell ~3% to $50 on Thursday, extending previous session's 10% drop
LEADERSHIP TURMOIL WEIGHS
TD Cowen ("Hold") raises PT to $50 from $44; says Small Refinery Exemption (SRE) benefits remain reflected in forecasts, while noting that CEO Go has been central to co's operational improvement story and that his successor will need to prove he or she can continue driving further gain
J.P. Morgan ("Neutral") raises PT to $57 from $55; says co expects structurally short refined-products market in 2026, even as investors were left with more questions than answers after CEO Go took a "voluntary" leave the day before earnings
Raymond James ("Strong Buy") cuts PT from $75 to $66; says CEO leave and disclosure processes adds to knee-jerk bearish reaction
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