Scotiabank Maintains Sector Perform on Delek US Hldgs, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Perform rating on Delek US Holdings (NYSE:DK) but lowers the price target from $25 to $22.
October 10, 2024 | 5:23 pm
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Scotiabank analyst Paul Cheng maintains a Sector Perform rating on Delek US Holdings but lowers the price target from $25 to $22, indicating a less optimistic outlook.
The lowering of the price target from $25 to $22 by Scotiabank suggests a less optimistic view on Delek US Holdings' future performance, which could negatively impact the stock price in the short term. The maintenance of a Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100