Wells Fargo lowered the firm’s price target on Delek US (DK) to $15 from $17 and keeps an Underweight rating on the shares on higher net debt. The firm remains cautious, but acknowledges that management is addressing shareholder concerns. EOP progress plus the DKL SOTP-unlock could create positive momentum for shares, Wells adds.
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Read More on DK:
- Delek US Holdings: Sell Rating Due to Missed Cash Flow Expectations and Increased Operating Expenses
- Delek US Reports Q4 2024 Financial Results
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- Delek US Holdings Announces Common Unit Repurchase Agreement
- Delek US reports Q4 EPS ($2.54) , consensus ($2.82)
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