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Fly News Breaks for December 10, 2018
DK
Dec 10, 2018 | 06:48 EDT
JPMorgan analyst Phil Gresh downgraded Delek US Holdings to Neutral and lowered his price target for the shares to $48 from $53. The analyst cites a "fair relative valuation" and likely Permian differential contraction for the downgrade. Further, the company's midstream strategy will take time, Gresh tells investors in a research note.
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