Morgan Stanley Maintains Underweight on Delek US Hldgs, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an 'Underweight' rating on Delek US Holdings (NYSE:DK) and lowered the price target from $27 to $25.
July 18, 2023 | 1:58 pm
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Morgan Stanley has maintained an 'Underweight' rating on Delek US Holdings and lowered the price target from $27 to $25.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for Delek US Holdings. The lowering of the price target from $27 to $25 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100