Delek US rises as Freedom Broker upgrades to Buy on refining strength
Investing.com -- Shares of Delek US Holdings Inc (NYSE:DK) gained 4% in early trading Wednesday after Freedom Broker upgraded the independent refiner to Buy from Hold, citing an exceptionally strong operational backdrop and an attractive entry point following a recent pullback. Analyst Sergey Pigarev lifted his price target to $88 from $86, arguing that a roughly 20% decline from September highs leaves substantial room for upside against an improving balance sheet.
Investing.com -- Shares of Delek US Holdings Inc (NYSE:DK) gained 4% in early trading Wednesday after Freedom Broker upgraded the independent refiner to Buy from Hold, citing an exceptionally strong operational backdrop and an attractive entry point following a recent pullback. Analyst Sergey Pigarev lifted his price target to $88 from $86, arguing that a roughly 20% decline from September highs leaves substantial room for upside against an improving balance sheet.
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