Citigroup Downgrades Delek Logistics Partners to Sell, Announces $47 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Spiro Dounis has downgraded Delek Logistics Partners (NYSE:DKL) from Neutral to Sell and set a price target of $47.
June 28, 2023 | 9:41 am
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NEUTRAL IMPACT
Citigroup analyst Spiro Dounis has downgraded Delek Logistics Partners to Sell and set a price target of $47.
As the issuer of the downgrade, Citigroup's actions could influence investor sentiment towards Delek Logistics Partners. However, this news does not directly impact Citigroup's own stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Delek Logistics Partners has been downgraded from Neutral to Sell by Citigroup, with a price target of $47.
The downgrade from Neutral to Sell by Citigroup indicates a negative outlook for Delek Logistics Partners. This could potentially lead to a decrease in the stock's price in the short term. The price target of $47 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100