Citi raised the firm’s price target on Delek US (DK) to $30 from $15 and keeps a Neutral rating on the shares. The firm update models in the refiners space ahead of the Q2 reports. The sector now trades at a premium due to the above-average margin environment, but there is downside risks to crack spreads in the medium term, the analyst tells investors in a research note.
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Read More on DK:
- Delek US price target raised to $28 from $23 at Raymond James
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