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Delek US Holdings (NYSE:DK) has been upgraded from Neutral to Buy in a report by Goldman Sachs today.

Goldman Sachs has upgraded Delek US Holdings (NYSE:DK) from Neutral to Buy in a report released on Tuesday May 16, 2017.

Previously on 4/21/2017, RBC Capital Markets reported about Delek US Holdings (NYSE:DK) raised the target price from $0.00 to $32.00. At the time, this indicated a possible upside of 0.42%.

Yesterday Delek US Holdings (NYSE:DK) traded -0.20% lower at $24.65. The company’s 50-day moving average is $23.62 and its 200-day moving average is $22.56. The last stock close price is up 9.28% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 708,516 shares of the stock were exchanged, down from an average trading volume of 1,062,040

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Delek US Holdings (NYSE:DK)

Delek US Holdings has a 52 week low of $11.41 and a 52 week high of $26.06 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $23.50 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Delek US Holdings (NYSE:DK)

Delek US Holdings, Inc. is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The Company's refining segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery). The Company's logistics segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. As of December 31, 2016, the Company's refineries located in Tyler, Texas and El Dorado, Arkansas, represented a combined 155,000 barrels per day (bpd) of crude throughput capacity. Its refining system produces a range of petroleum-based products used in transportation and industrial markets.

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