Alon USA Energy (ALJ +10.2%) adds to its big Friday gains after Goldman starts coverage with a...

|About: Alon USA Energy, Inc. (ALJ)|By:, SA News Editor

Alon USA Energy (ALJ +10.2%) adds to its big Friday gains after Goldman starts coverage with a Buy and $21 PT. The firm notes ALJ, whose refining ops center around a Texas facility, benefits from spreads between Brent-WTI, WTI-Midland, and WTI-Cushing oil prices, and thinks the recent IPO of Alon USA Partners (ALDW +0.8%) which contains ALJ's interest in the refinery, will "help investors recognize the inherent value of the asset." ALDW has been launched at Neutral due to valuation concerns.