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Stock Market & Financial Investment News

News Breaks
February 20, 2013
06:46 EDTDKDelek 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.
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April 8, 2014
07:52 EDTDKRefiners 2014 EPS estimates raised at Wells Fargo
Wells Fargo significantly raised its 2014 EPS estimates for Alon USA (ALJ), PBF Energy (PBF), Valero (VLO), and Western Refining (WNR) . The firm thinks that the sector is benefiting from better crack spreads and refining utilization so far in Q2, while U.S. exports of refined products jumped 21% year-over-year last quarter. Wells keeps Outperform ratings on PBF and Valero, and Market Perform ratings on Alon USA and Western Refining.

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