Barclays Maintains an 'Equalweight' on Delek US (DK); Positive on Lion Majority Ownership

Barclays maintains an 'Equalweight' on Delek US (NYSE: DK), PT increased by $1 to $11.

Barclays analyst says, "We believe the market will be pleased with the transaction given the seemingly fair price. Perhaps even more important, this allows DK to take control and move from a passive investor to an active management role, in our view...Reflecting changes to our earnings model, we raise DK's 2011 EPS estimate to $0.75 from $0.60."

For more ratings news on Delek US click here and for the rating history of Delek US click here.

Shares of Delek US closed at $12.95 yesterday.

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