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

|About: Delek US Holdings, Inc. (DK)|By:, SA News Editor

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 (

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.