Morgan Stanley Maintains Underweight on Delek US Hldgs, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh maintains an Underweight rating on Delek US Holdings (NYSE:DK) and lowers the price target from $24 to $22.
September 16, 2024 | 4:58 pm
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Morgan Stanley has maintained an Underweight rating on Delek US Holdings and reduced the price target from $24 to $22, indicating a bearish outlook.
The reduction in price target from $24 to $22 by Morgan Stanley suggests a negative outlook on Delek US Holdings. The Underweight rating indicates that the stock is expected to underperform relative to the market. This is likely to lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100