Wolfe Research upgraded Delek US (DK) to Peer Perform from Underperform. At current levels, the entire value of Delek is its 66.3% interest in Delek Logistics (DKL), the analyst tells investors in a research note. Valued on an after tax basis with no debt is essentially where Delek trades, the analyst added, noting that a negative call on refining is priced in and options on a seasonal recovery or progress on its Enterprise Optimization Plan as upside.
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Read More on DK:
- Delek US upgraded to Peer Perform from Underperform at Wolfe Research
- Delek US price target lowered to $19 from $21 at Morgan Stanley
- Delek US price target lowered to $25 from $26 at Mizuho
- Delek US price target raised to $22 from $21 at JPMorgan
- Delek US Reports Q3 2024 Financial Results Amidst Challenges
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