Reply To: Traders Market Weekly: Yield Inversion Therapy Kill Growth To Kill Inflation

#35022
Truman
Participant

Upgrades

Goldman upgraded HF Sinclair (DINO) to Neutral from Sell with a price target of $43, up from $32. The firm notes the key driver of the upgrade is the incorporation of the Sinclair acquisition, which is accretive. The firm says HF’s increased Rockies exposure provides a quality of earnings and stronger diversification.

Jefferies upgraded Host Hotels (HST) to Buy from Hold with a price target of $25, up from $20. It is evident in the pace of the broader recovery that “market exposures matter” and portfolio make-up makes the difference. The firm believes the asset trades and positioning of Host shares should outperform those of Park Hotels & Resorts (PK), which the firm has simultaneously downgraded to Hold from Buy. The earnings growth trajectory for Park is steeper than at Host, which is largely driven by the fundamental portfolio differences that the firm believes favor Host.