Delek US (DK) Gets Price Target Boost Amid Refining and SOTP Upside

Delek US Holdings, Inc. (NYSE:DK) ranks among the best performing energy stocks to buy now. Mizuho kept its Outperform rating on Delek US Holdings, Inc. (NYSE:DK) and increased its price target from $23 to $27 on July 10. The firm expects Delek US to report earnings that are marginally below current consensus estimates, with EBITDA and EPS falling 3% and 8%, respectively.

Delek US (DK) Gets Price Target Boost Amid Refining and SOTP Upside

Mizuho emphasized the ongoing advancement of the company’s Enterprise Optimization Plan, which currently focuses on enhancements at the El Dorado facility, and highlighted advantages in Delek’s refining segment brought about by larger crack spreads. In the report, the firm also cited the ongoing Midstream deconsolidation as a benefit of Delek’s sum-of-the-parts (SOTP) initiatives.

Mizuho pointed to a possible EPA ruling on Small Refinery Exemptions as a major boost for Delek US Holdings, Inc. (NYSE:DK), pointing out that the company has significant claims relative to its market capitalization.

Delek US Holdings, Inc. (NYSE:DK) is a downstream energy company that runs renewable fuel plants, four inland refineries, factories that produce asphalt, and logistical facilities.

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