UPDATE - Global Hunter Securities Initiates Coverage on Delek US (DK) with a Buy; Solid Small-cap Value Play

UPDATE - Global Hunter Securities initiates coverage on Delek US (NYSE: DK) with a Buy. PT $20.00.

Global analyst said, "In the coming weeks, Delek will be reporting its first full operating quarter with control of the recently-acquired Lion Oil facility in El Dorado, AR. This will complete its transition away from a single-asset business without dilution to its advantaged platform. As the commodity backdrop stabilizes and investors get better visibility into the combined entity, we expect DK's valuation to improve as it no longer reflects a single-asset risk profile. We look to its coming earnings report for new data points on the impact on its gross realized margins as well as its capture rate as a consolidated company, which we believe will be catalysts for DK shares."

To see more ratings changes on DK, Click Here

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