TD Cowen Rates Delek US (DK) buy, $58 Price Target

On June 29, 2026, TD Cowen analyst Jason Gabelman upgraded Delek US Holdings, Inc. (NYSE:DK) to a 'buy' rating and set a price target of $58. This move reflects a positive outlook for the energy company, which operates refineries and logistics in the U.S.

What Changed in TD Cowen's Delek US Holdings Position

TD Cowen's upgrade to a 'buy' rating for Delek US Holdings, with a new price target of $58, signals confidence in the company's prospects. Previously, TD Cowen had maintained a 'hold' rating, but the latest analysis suggests a more favorable view.

Other Institutional Activity in Delek US Holdings

BlackRock, Inc. grew its holdings in Delek US Holdings by 124,078 shares, ending with 5,136,542 shares worth about $231.5 million. Vanguard Portfolio Management LLC opened a new position with 3,634,497 shares valued at approximately $163.8 million. State Street Corp increased its stake by 408,524 shares to a total of 3,047,971 shares, valued at around $137.4 million. Meanwhile, Rubric Capital Management LP held steady with 2,687,449 shares worth $121.1 million.

Delek US Holdings, Inc. Stock Down 35.0%

Shares of Delek US Holdings traded near $50.81 on Wednesday. The company has a market capitalization of about $3.11 billion and a forward P/E ratio of 24.7, indicating expectations of future earnings growth. The stock's 52-week range is between $19.81 and $53.31. It has a 50-day moving average of $44.63 and a 200-day moving average of $38.03. Delek's debt-to-equity ratio stands at 1125.5, reflecting its capital structure.

Recent Earnings

Delek US Holdings reported revenue of approximately $10.73 billion, with a modest year-over-year growth of 0.4%. The company, however, posted a net margin of -0.48% and a return on equity of 3.77%. The next earnings report is expected on August 6, 2026.

Dividend

Delek US Holdings offers an annual dividend rate of $1.02 per share, yielding 2.01% based on recent prices. The company's dividend payout ratio is 3.08%, indicating a conservative approach to profit distribution.

Insider Buying and Selling at Delek US Holdings, Inc.

Several insiders, including Laurie Tolson and Christine Benson Schwartzstein, bought 3,436 shares each at an average price of $48.01 on June 10, 2026. These transactions were not part of any pre-arranged plan.

Analysts Set New Price Targets

On June 29, 2026, TD Cowen upgraded Delek US Holdings to a 'buy' rating with a $58 price target. Morgan Stanley maintained its 'hold' rating with a $45 target on June 12, 2026. Mizuho also maintained a 'buy' rating, setting a $60 price target on May 27, 2026. The consensus among analysts is a 'buy' recommendation, with a mean target price of $53.25.

About Delek US Holdings

Delek US Holdings, Inc., headquartered in Brentwood, Tennessee, operates within the energy sector, focusing on oil and gas refining and marketing. The company manages refineries in Texas, Arkansas, and Louisiana, producing gasoline, diesel, and other petroleum products. It also handles logistics for crude oil and natural gas, operating pipelines and storage facilities. Led by CEO Avigal Soreq, Delek employs approximately 1,902 people.

Bottom Line

TD Cowen's upgrade of Delek US Holdings to a 'buy' rating with a $58 price target highlights renewed confidence in the company's future. This comes as Delek continues to navigate the challenges of the energy sector. Investors will watch closely for the next earnings report in August, while keeping in mind that analyst ratings can change as new information becomes available.