Mizuho yesterday lowered the firm’s price target on Delek US (DK) to $22 from $25 and keeps a Neutral rating on the shares. The firm expects Delek US to miss current consensus earnings estimates for EBITDA and earnings by 89% and 21%, respectively. The company’s improvement in indicator margins will be partly offset by guided-higher operating expenses, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DK:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue