Wells Fargo Maintains Underweight Rating for Delek US Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Underweight rating for Delek US Holdings (NYSE:DK) and lowered its price target from $24.00 to $23.00. Despite this, shares of Delek US Holdings are trading up 1.69% over the last 24 hours, at $25.24 per share.
October 09, 2023 | 5:00 pm
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Wells Fargo has maintained its Underweight rating for Delek US Holdings and lowered its price target. This could potentially lead to a decrease in the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Wells Fargo, a major financial institution, has maintained an Underweight rating for Delek US Holdings and lowered its price target. This suggests that they believe the stock is overvalued at its current price, which could lead to selling pressure and a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100