Citi analyst Douglas Irwin downgraded Delek Logistics (DKL) to Neutral from Buy with a price target of $52, up from $47. The firm cites valuation for the downgrade following the stock’s recent rally. In addition, Delek’s growth outlook is skewed toward 2027 on a “longer-than-anticipated” ramp period for the Libby 2 sour gas complex, the analyst tells investors in a research note.
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