Delek US (DK) PT Lowered to $45 at Raymond James Into Q1
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Price: $65.46 -7.61%
Rating Summary:
6 Buy, 14 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
Rating Summary:
6 Buy, 14 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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Raymond James analyst Justin Jenkins lowered the price target on Delek US (NYSE: DK) to $45.00 (from $46.00) while maintaining a Strong Buy rating.
- remains our favorite SMID-cap refining stock
- group as a whole is gearing up for a challenging (at best) 1Q19 earnings season
- However, due to Delek’s unique positioning (lack of heavy crude exposure, niche markets), they expect DK's earnings to be meaningfully better than peers
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