UPDATE: Goldman Sachs Raises PT to $31 on Delek Logistics Partners on Strong Operating Metrics

Goldman Sachs maintained Delek Logistics Partners DKL with a Buy rating and raised the price target from $28.00 to $31.00. Goldman Sachs noted, "The full quarter results were negatively impacted by higher pre-IPO expenses and lower Lion Pipeline volumes due to the suspension of crude oil deliveries from a third-party system, which resumed in early March. However, recurring operating metrics (which we view as post-IPO) were strong including better margins than forecast in the Wholesale Marketing segment and higher gathering volumes on SALA." Delek Logistics Partners closed at $28.76 on Wednesday.