Wells Fargo Maintains Underweight on Delek US Hldgs, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Underweight rating on Delek US Holdings (DK) but raised the price target from $21 to $26.

March 20, 2024 | 2:42 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wells Fargo maintains an Underweight rating on Delek US Holdings but increases the price target from $21 to $26.
The adjustment in price target by a major financial institution like Wells Fargo, despite maintaining an Underweight rating, suggests a nuanced view on Delek US Holdings' valuation. The increase in price target could be seen as a positive adjustment based on certain operational or market factors, but the Underweight rating still indicates a cautious stance towards the stock. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analysis.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90