Delek US Holdings downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo remains positive on the U.S. refining sector but downgraded Delek US Holdings as the firm believes that coastal refiners have a more favorable outlook for 2013.
Delek US downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded Delek US to Underperform to reflect optimistic crude spreads in the Midland basin and upcoming pipeline capacity additions. Price target lowered to $24 from $35.
Delek US declares special cash dividend of 10c per share Delek US declared a special cash dividend of 10c per share. Shareholders of record at the close of business on January 6, 2015 will receive the special cash dividend payable on January 27, 2015.