BofA Securities Assumes Delek US (DK) at Underperform

BofA Securities analyst Jean Ann Salisbury assumes coverage on Delek US (NYSE: DK) with a Underperform rating and a price target of $15.00.

The analyst comments "DK owns 78.7% of DKL (midstream) common units and GP units. DK owns 4 refineries : two avg & two worst quintile on margin giving it higher beta to refining crack than peers • We believe the 50% of midstream assets which support DK’s refining and logistics should get a refining multiple – with this assumption SOTP does not suggest hidden value in the DK/DKL structure."

For an analyst ratings summary and ratings history on Delek US click here. For more ratings news on Delek US click here.

Shares of Delek US closed at $17.48 yesterday.

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