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Wells Fargo downgraded Delek Logistics Partners (NYSE:DKL) from Outperform to Market Perform in a report released today.

Wells Fargo has downgraded Delek Logistics Partners (NYSE:DKL) from Outperform to Market Perform in a report released on Monday October 03, 2016.

Previously on 6/21/2016, Goldman Sachs reported about Delek Logistics Partners (NYSE:DKL) raised the target price from $0.00 to $32.00. At the time, this indicated a possible upside of 0.22%.

Yesterday Delek Logistics Partners (NYSE:DKL) traded -3.04% lower at $28.58. The company’s 50-day moving average is $27.80 and its 200-day moving average is $28.03. The last stock close price is up -1.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,688 shares of the stock were exchanged, down from an average trading volume of 70,030

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Delek Logistics Partners (NYSE:DKL)

Delek Logistics Partners has a 52 week low of $21.84 and a 52 week high of $38.00 with a P/E ratio of 11.25 The company’s market cap is currently $0.

In addition to Wells Fargo reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $33.67 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Delek Logistics Partners (NYSE:DKL)

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company's business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc. (Delek), and assets acquired from unrelated third parties. The Company operates through two segments: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment. The Company engaged in the gathering, transporting and storing crude oil; storing intermediate products and feed stocks, and marketing, distributing, transporting and storing refined products. The Company also provides crude oil, intermediate and refined products transportation services for terminaling, and marketing services to third parties primarily in Texas, Tennessee and Arkansas.

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