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

HF Sinclair Corporation (NYSE:DINO) is included among the 7 Best Low-Risk Dividend Stocks to Invest in.

HF Sinclair Corporation (NYSE:DINO) is a U.S.-based petroleum refiner with a focus on products such as gasoline, diesel, jet fuel, and related offerings.

On January 27, Morgan Stanley analyst Joe Laetsch raised his price target on HF Sinclair Corporation (NYSE:DINO) to $61 from $60 and kept an Overweight rating. He pointed out that refining stocks are up about 10% year-to-date, helped by wider light and heavy crude differentials tied to recent events in Venezuela.

After updating for current forward crack spreads, the firm’s Q1 EPS estimates for large-cap refiners sit roughly 5% to 10% below consensus on average. That view came as part of Morgan Stanley’s Q4 preview for the sector. Over the longer term, the firm still sees reasons to stay positive on refining, though it continues to rate the industry In-Line, largely due to valuations.

Earlier, on December 8, HF Sinclair Corporation said one of its subsidiaries had signed a definitive agreement to acquire Industrial Oils Unlimited for $38 million, including around $15 million of working capital. Based on expectations for 2027, the deal implies an EBITDA multiple of about 3.5x once synergies are included.

The addition of IOU, a business known for its value-added service model, customized solutions, and the well-established DX brand, is expected to strengthen HF Sinclair’s standing in lubricants and specialty fluids. Management sees the transaction as a practical step toward expanding its role as an innovator in that market.

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