Wells Fargo lowered the firm’s price target on Delek US (DK) to $11 from $16 and keeps an Underweight rating on the shares. The firm cites a lower refining multiple. Wells’ revised Q1 2025 estimates account for weaker margins and higher opex across all 4 refineries.
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Read More on DK:
- Delek US price target lowered to $14 from $24 at Scotiabank
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- Delek US price target lowered to $22 from $25 at Mizuho
- Delek US price target lowered to $13.25 from $21 at UBS
- Delek US price target lowered to $23 from $24 at Raymond James
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