UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT on Delek Logistics Partners on Weakness

In a report published Friday, Goldman Sachs analyst Steve Sherowski reiterated a Buy rating on Delek Logistics Partners (NYSE: DKL), and raised the price target from $31.00 to $34.00.In the report, Sherowski noted, “Buy rated DKL has traded down 6.9% over the past three days, underperforming the AMZ by 480 bps. Exacerbated by lower liquidity, we believe the move has been driven by DKL's exposure to parent refiner Delek US Holdings (DK). DK has come under pressure with the rest of the refining sector, in our view in an apparent reaction to cost concerns over the Environmental Protection Agency's announcement of its intention to move forward with ‘Tier 3'.”Delek Logistics Partners closed on Thursday at $28.90.