Raymond James Upgrades Delek Logistics Partners to Outperform, Announces $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins upgraded Delek Logistics Partners (DKL) from Market Perform to Outperform and set a $45 price target.
March 19, 2024 | 9:55 am
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POSITIVE IMPACT
Delek Logistics Partners was upgraded by Raymond James from Market Perform to Outperform with a new price target of $45.
Analyst upgrades typically lead to positive short-term price movement as they reflect a positive change in the analyst's view on the stock's future performance. The upgrade from Market Perform to Outperform suggests a strong confidence in DKL's potential to outperform the market, and the set price target of $45 indicates a significant upside from current levels. This is likely to attract investor attention and could drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100