BofA analyst Jean Ann Salisbury lowered the firm’s price target on Delek US (DK) to $14 from $15 and keeps an Underperform rating on the shares. While Trump decisions could move the needle for specific stocks, the firm reiterates cautious stances on both oil macro and refining valuations, calling the “key stories” the next OPEC decision and how refined product demand tracks through the year after a “very weak” 2024.
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Read More on DK:
- Delek US Holdings Expands Midstream with Key Acquisitions
- Wolfe upgrades Delek US to Peer Perform, says value based on Logistics stake
- Delek US upgraded to Peer Perform from Underperform at Wolfe Research
- Delek US price target lowered to $19 from $21 at Morgan Stanley
- Delek US price target lowered to $25 from $26 at Mizuho