JP Morgan Upgrades Delek US Hldgs to Neutral, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall has upgraded Delek US Holdings (NYSE:DK) from Underweight to Neutral and increased the price target from $23 to $26.
September 10, 2024 | 12:30 pm
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JP Morgan has upgraded Delek US Holdings from Underweight to Neutral, with a new price target of $26, indicating a more positive outlook.
The upgrade from Underweight to Neutral by a major financial institution like JP Morgan suggests increased confidence in Delek US Holdings' performance. The raised price target from $23 to $26 indicates an expectation of stock price appreciation, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100