Analyst Update: First Niagara Financial Group Inc., Intel Corporation, and HollyFrontier Corp

Analysts adjusted their ratings on First Niagara Financial Group Inc. (FNFG), Intel Corporation (INTC), and HollyFrontier Corp (HFC)

by Mark Fightmaster

Published on Sep 23, 2015 at 12:30 PM

Analysts chimed in on bank holding company First Niagara Financial Group Inc. (NASDAQ:FNFG), Dow component Intel Corporation (NASDAQ:INTC), and  independent petroleum refiner HollyFrontier Corp (NYSE:HFC).  Here's a quick roundup of today's brokerage notes on FNFG, INTC, and HFC.

  • FNFG is 15.8% higher at $10.38 -- and hit an annual peak of $10.45 -- after a report surfaced that the company is exploring a sale of the firm and other options -- going as far as hiring JPMorgan Chase & Co. (NYSE:JPM) to advise in the process. In addition to this news, Evercore ISI raised First Niagara Financial Group Inc.'s target price to $9 from $8. Future analyst upgrades could lend more momentum to the shares, as nine of the 11 brokerages tracking the stock rate it a "hold" or worse.
  • Finally, HFC is 3% higher at $48.18 -- despite crude's recent struggles -- thanks to Credit Suisse's price-target hike to $60 from $55. The stock is cruising atop support from its 20-week moving average, which it hasn't finished a week below since the middle of April. With HollyFrontier Corp riding along this trendline, it appears that short-term option players are expecting a rally, as HFC's SOIR of 0.11 is at a 52-week low. There is also room for momentum-building upgrades, as eight of the 13 brokerages following the energy equity rate it a "hold" or worse.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Heron Therapeutics Inc, Finish Line Inc, and Total SA and Analyst Downgrades: GoPro Inc, Exxon Mobil Corporation, and Vale SA

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