UBS Upgrades This Energy Stock to Buy
UBS upgraded its rating on Holly Energy Partners (NYSE:HEP) from Neutral to Buy and changed its price target to $55. The shares recently traded at $51.37, up $2.51, or 5.14%, on the day. The shares have traded in a 52-week range of $45.40 to $61.05 and its market capitalization is $1.13 billion. About the company: Holly Energy Partners, L.P. operates a system of refined product pipelines and distribution terminals primarily in West Texas, New Mexico, Utah, and Arizona. The Company’s services include transporting products through its pipeline, terminalling refined products and other hydrocarbons, and storing and providing other services at its terminals.
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