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Credit Suisse upgrades refiner Delek (DK +1%) to Outperform and raises its price target to...

Credit Suisse upgrades refiner Delek (DK +1%) to Outperform and raises its price target to $20.50 from $18.50, and lowers its rating on HollyFrontier (HFC -2.9%) to Neutral. The firm cites favorable crude oil pricing for DK, projects that could add to earnings and its declaration of a special dividend; HFC draws a downgrade partly because of its YTD outperformance.
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