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Fly News Breaks for January 18, 2019
PSX, VLO, DK
Jan 18, 2019 | 07:58 EDT
Citi analyst Prashant Rao downgraded Delek US to Neutral from Buy and lowered his price target for the shares to $35 from $45. After running through three "increasingly severe scenarios," the analyst tells investors to "get tactical" in the Refiners & Marketers space as Q4 earnings reports "could get sold." He also opened up a 90 day "Negative Catalyst Watch" on Valero (VLO) and a 30 day "Positive Catalyst Watch" on Phillips 66 (PSX).
News For DK;VLO;PSX From the Last 2 Days
VLO
Apr 18, 2024 | 06:20 EDT
Citi analyst Vikram Bagri raised the firm's price target on Valero to $192 from $160 and keeps a Buy rating on the shares. The analyst refreshed the company's model for the latest commodity prices. Valero embarked on a larger maintenance period in Q1, which should position the company well ahead of a potentially strong summer driving season, the analyst tells investors in a research note. However, Citi sees low prospects for a sharp price reaction to the Q1 print with the shares up 29% year-to-date.
PSX
Apr 18, 2024 | 05:29 EDT
Barclays analyst Theresa Chen raised the firm's price target on Phillips 66 to $155 from $139 and keeps an Equal Weight rating on the shares. The analyst increased the price target after exploring the impacts and opportunities of an evolving infrastructure landscape for midstream and downstream operators "amid a dynamic price backdrop."
