Delek US price target lowered to $22 from $25 at Mizuho

Mizuho yesterday lowered the firm’s price target on Delek US (DK) to $22 from $25 and keeps a Neutral rating on the shares. The firm expects Delek US to miss current consensus earnings estimates for EBITDA and earnings by 89% and 21%, respectively. The company’s improvement in indicator margins will be partly offset by guided-higher operating expenses, the analyst tells investors in a research note.