Wells Fargo Maintains Underweight Rating for Delek US Hldgs: Here's What You Need To Know

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Wells Fargo has decided to maintain its Underweight rating of Delek US Hldgs DK and lower its price target from $24.00 to $22.00.

Shares of Delek US Hldgs are trading down 1.87% over the last 24 hours, at $23.36 per share.

A move to $22.00 would account for a 5.8% decrease from the current share price.

About Delek US Hldgs

Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation, and storage; wholesale crude oil, intermediate, and refined products, and convenience store retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. Delek's logistics segment sells portions of the petroleum products its refineries produce. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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