Goldman Sachs analyst Neil Mehta raised the firm’s price target on Delek US (DK) to $39 from $28 and keeps a Neutral rating on the shares. Goldman is constructive on Delek’s commitment to improving economic separation between Delek and Delek Logistics (DKL), balance sheet strength, and management’s continued focus on cost reduction initiatives, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DK:
- Delek US price target raised to $37 from $33 at Raymond James
- Delek US initiated with an Overweight at Wells Fargo
- Delek US price target raised to $35 from $19 at JPMorgan
- Delek US Holdings: Hold Rating Maintained Amid Modest EBITDA Growth and Stable Margins
- Delek US price target raised to $33 from $20 at Scotiabank