Delek Logistics Partners Upgraded After Q3 Results
Portfolio Pulse from
Delek Logistics Partners, LP has been upgraded to a potential buy with a target price of $40-$44. Despite a 17.84% drop in share price over the past year, positive momentum and insider buying are noted. The company offers a high dividend yield of 11%, but the payout ratio of 145% raises sustainability concerns.
November 08, 2024 | 8:30 am
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Delek Logistics Partners has been upgraded to a potential buy with a target price of $40-$44. Despite a 17.84% drop in share price over the past year, positive momentum and insider buying are noted. The company offers a high dividend yield of 11%, but the payout ratio of 145% raises sustainability concerns.
The upgrade to a potential buy and the target price increase are positive indicators for DKL's stock. Insider buying suggests confidence in the company's future. However, the high dividend payout ratio could be a risk factor, potentially affecting long-term sustainability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100