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Fly News Breaks for April 16, 2019
DK
Apr 16, 2019 | 06:27 EDT
Goldman Sachs analyst Neil Mehta downgraded Delek US Holdings to Neutral from Buy and lowered his price target for the shares to $42 from $44. The analyst expects tighter Midland spreads with new pipeline capacity and views the stock's valuation as more balanced at current levels. Delek US's risk/reward is more balanced at current levels after its 2019 share price outperformance, Mehta tells investors in a research note.
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