Goldman Sachs Assumes Delek Logistics Partners, LP (DKL) at Buy

Goldman Sachs assumes coverage on Delek Logistics Partners, LP (NYSE: DKL) with a Buy. PT $28.00.

The firm notes DKL has a crude and refined product asset footprint that primarily supports the logistics operations of parent owned refineries. In addition, its assets generate stable cash flows underpinned by long-term contracts with minimum volume commitments and inflation-indexed fee escalators. Also, the stock has a visible growth profile aided by the Right of First Refusal (ROFO) for certain assets currently held by its parent.

For an analyst ratings summary and ratings history on Delek Logistics Partners, LP click here. For more ratings news on Delek Logistics Partners, LP click here.

Shares of Delek Logistics Partners, LP closed at $25.81 yesterday.

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