Raymond James Thinks Delek US Holdings’ Stock is Going to Recover

Raymond James analyst Justin Jenkins maintained a Buy rating on Delek US Holdings (DK) yesterday. The company’s shares closed last Wednesday at $10.71, close to its 52-week low of $7.79.

According to TipRanks.com, Jenkins is a 1-star analyst with an average return of -1.7% and a 52.0% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Phillips 66 Partners.

Currently, the analyst consensus on Delek US Holdings is a Hold with an average price target of $16.72, representing a 50.9% upside. In a report issued on October 22, Mizuho Securities also maintained a Buy rating on the stock with a $16.00 price target.

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The company has a one-year high of $39.82 and a one-year low of $7.79. Currently, Delek US Holdings has an average volume of 1.41M.

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Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.

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