Seeking Alpha

Delek US +2% as Howard Weil upgrades to Focus Stock

  • Delek US Holdings (DK +1.9%) is upgraded to Focus Stock from Sector Outperform at Howard Weil, which sees Midland West Texas crude as a relative bright spot for downstream players with Permian exposure such as DK in the face of compressing crude differentials and margins (Briefing.com).
  • Given DK's market cap, the firm believes the company is under-covered by both buy side and sell side alike, thus providing an opportunity to capture the recent blowout in Midland differentials.
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