Wells Fargo Downgrades Delek US (DK) to Equal Weight

January 6, 2020 5:10 AM EST
Get Alerts DK Hot Sheet
Price: $16.52 -0.54%

Rating Summary:
    7 Buy, 10 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Wells Fargo analyst Roger Read downgraded Delek US (NYSE: DK) from to Equal Weight with a price target of $35.00.

The analyst comments "DK possesses the largest percentage throughput exposure to Permian-priced crudes, which may create headwinds in 2020 and is consistent with our equal weight rating. Its MLP subsidiary offers additional growth while its retail ops offer consistent performance. Our price target is based on a sum-of-the-parts analysis on our 2020E EBITDA estimates by segment."

For an analyst ratings summary and ratings history on Delek US click here. For more ratings news on Delek US click here.

Shares of Delek US closed at $32.73 yesterday.

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