Piper Sandler Upgrades HF Sinclair (DINO) to $68 as 2026 West Coast Supply Tightens

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HF Sinclair Corporation (NYSE:DINO) is one of the cheap stocks to buy for the next 3 years. On January 8, Piper Sandler upgraded HF Sinclair to Overweight from Neutral with a price target of $68, which was brought up from $64. Amid a favorable refining environment, Piper Sandler identified HF Sinclair as the top pick among small-to-mid-cap refiners and noted that the company increasingly resembles a mini-large cap stock. The firm highlights HF Sinclair’s significant West Coast exposure as a key advantage, expecting a tighter regional market to boost margins and capture rates.

Earlier, on December 12, Mizuho also increased the price target for HF Sinclair Corporation (NYSE:DINO) to $63 from $62, while maintaining an Outperform rating on the shares. This adjustment was made as part of the firm’s broader 2026 outlook for the exploration and production/E&P sector. Despite current negative sentiment driven by high natural gas storage and an oversupplied oil market, Mizuho argued that US oil and gas companies hold underappreciated value that could begin to be realized throughout 2026.

In its strategic recommendations, Mizuho suggested that investors reallocate risk toward oil-focused E&Ps while remaining selective with natural gas stocks. Notably, the firm adopted a more neutral stance on the refining sector, even as it remains bullish on HF Sinclair’s specific prospects.

HF Sinclair Corporation (NYSE:DINO) operates as an independent energy company in the US. It operates through five segments: Refining, Renewables, Marketing, Lubricants and Specialties, and Midstream.

While we acknowledge the potential of DINO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.