HEP - Holly Energy Partners upped at Credit Suisse on cash flow yield

Holly Energy Partners ([[HEP]] +3.3%) pushes higher after Credit Suisse upgraded the name to Outperform from Neutral with a $16 price target, citing its 12% distribution yield and estimated 25% free cash flow yield through 2024, among the highest among companies in its coverage group.Credit Suisse analyst Spiro Dounis believes Holly's "demand-pull" assets and "capital-light logistics support consistent and meaningful free cash flow generation" over the near and medium term.Dounis also trimmed his 2021 and 2022 EBITDA estimates by 3% to account for the termination of Cheyenne minimum volume commitment contracts.HEP's average Wall Street analyst rating and Seeking Alpha Authors' Rating are both Bullish:

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Holly Energy Partners upped at Credit Suisse on cash flow yield