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Fly News Breaks for October 3, 2016
DKL
Oct 3, 2016 | 06:36 EDT
Wells Fargo analyst Michael Blum dowgnraded Delek Logistics to Market Perform following the sale of its retail assets to a third party and a lack of clarity as to the resolution of the DK/Alon potential merger. Without a DK/Alon merger, the partnership has limited growth visibility, the analyst wrote. Blum reduced his valuation range to $29-$32 from $34-$36 on Delek shares.
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