HF Sinclair (DINO) Soars 1.14% on Analyst Upgrades

HF Sinclair (DINO) shares surged 1.14% today, marking the fourth consecutive day of gains, with a total increase of 6.51% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 1.32%.

The strategy of buying DINO shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for DINO.

Several factors have contributed to the recent surge in HF Sinclair's stock price. Wells Fargo & Company raised their target price for the company from $34.00 to $38.00, maintaining an "equal weight" rating. This adjustment likely boosted investor confidence and sentiment towards the stock.

Additionally, Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and increased their price target from $40.00 to $47.00. This upgrade could attract more investors, further driving the stock price upward.

Barclays also played a role in the positive outlook for HF Sinclair by increasing their target price from $29.00 to $32.00 while maintaining an “equal weight” rating. These updates from analysts collectively suggest a growing confidence in the company's performance, which has led to the recent rise in stock price.