Wells Fargo has adjusted its outlook on Delek US (DK, Financial), reducing the price target from $16 to $11. The investment firm maintains an Underweight rating on the stock.
The revision is primarily driven by a lower refining multiple, reflecting Wells Fargo's updated assessment of the company's future performance. Additionally, their forecasts for the first quarter of 2025 have been revised to include expectations of weaker profit margins and increased operational expenses across all four of Delek's refineries.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Delek US Holdings Inc (DK, Financial) is $15.93 with a high estimate of $23.00 and a low estimate of $10.00. The average target implies an upside of 31.23% from the current price of $12.14. More detailed estimate data can be found on the Delek US Holdings Inc (DK) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Delek US Holdings Inc's (DK, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Delek US Holdings Inc (DK, Financial) in one year is $17.44, suggesting a upside of 43.66% from the current price of $12.14. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Delek US Holdings Inc (DK) Summary page.
