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Enter Symbol:
Rating: HOC
Outperform $58

Holly Corporation (NYSE: HFC) upgraded to Outperform with price target $58 by Oppenheimer

Thursday,  Aug 6, 2015  9:25 AM ET by Betsy O'Brien Harrison

Oppenheimer upgraded Holly Corporation (NYSE: HFC) to Outperform with price
target $58. Previously Oppenheimer upgraded to Holly Corporation (NYSE: HFC) to Perform on 10/04/2013, when the stock price was $41.19.

Holly Corporation is an independent refiner of petroleum and petroleum derivatives and produces high value light products such as gasoline, diesel fuel and jet fuel for sale primarily in the southwestern United States and northern Mexico. Navajo Refining Company (``Navajo``), one of the wholly-owned subsidiaries, owns a high-conversion petroleum refinery in Artesia, New Mexico, which it operates in conjunction with crude, vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the ``Navajo Refinery``).

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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