UPDATE: Citigroup Downgrades HollyFrontier on Valuation
January 06, 2014 at 12:20 PM EST
In a report Monday, Citigroup analyst Faisel Khan downgraded HollyFrontier (NYSE: HFC ) from Neutral to Sell while price target remains at $40. Khan noted in the report, “Our recommendation is purely an outcome of our valuation analysis.” Citigroup highlighted Wider Group 3 and Rockies Basis as potential headwind, “HFC serves
