TD Cowen Rates Delek US (DK) buy, $58 Price Target
TD Cowen has upgraded DK to a buy rating and set a price target of $58, a 12.45% upside from the current price.
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TD Cowen rated Delek US Holdings, Inc. ($DK) "buy" with a $58 price target on June 29, 2026.
Since the rating, $DK is up 2.7% after 1 week, up 25.9% after 1 month and up 49.0% to date (from the $51.39 close on Jun 29, 2026).
DK
Delek US Holdings, Inc.
Key Points
- TD Cowen upgraded DK to a buy rating on June 29, 2026, with a new price target of $58.
- TD Cowen's $58 price target implies 12.45% upside from Delek US Holdings, Inc.'s ($DK) current $51.58 share price.
- Shares of DK traded at $47.82 on Monday, reflecting analyst optimism.
- Institutional activity shows varied interest, with BlackRock increasing its stake by 124,078 shares.
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TD Cowen has upgraded DK to a buy rating on June 29, 2026, setting a new price target of $58. Analyst Jason Gabelman from TD Cowen believes in the stock's potential, as reflected in this upgrade. Shares of DK traded at $47.82 on Monday.
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Other Institutional Activity in DK
Several institutional investors have been active in DK. BlackRock, Inc. increased its holdings by 124,078 shares, bringing its total to 5,136,542 shares, valued at approximately $231.5 million. Vanguard Portfolio Management LLC opened a new position with 3,634,497 shares, valued at around $163.8 million. State Street Corp added 408,524 shares, ending with 3,047,971 shares worth about $137.4 million. Meanwhile, River Road Asset Management, LLC reduced its stake by 67,541 shares to 2,480,378 shares, valued at approximately $111.8 million.
Delek US Holdings, Inc. Stock Down 34.0%
Shares of DK traded near $47.82 on Monday. The stock has been under the watchful eyes of investors following the recent upgrade by TD Cowen. While specific financial metrics like P/E ratio and market cap were not provided, the stock's trading activity suggests a level of optimism among investors.
$DK price target
Delek US Holdings, Inc. daily closes and this analyst's $58 target. Not advice.
Insider Buying and Selling at Delek US Holdings, Inc.
Several insiders at DK made purchases on June 10, 2026. Laurie Tolson, Christine Benson Schwartzstein, Shlomo Zohar, William Finnerty, Vicky Sutil, and Leonardo Moreno each bought 3,436 shares at an average price of $48.01. These transactions were not part of a pre-planned 10b5-1 plan.
Analysts Set New Price Targets
On June 29, 2026, TD Cowen upgraded its rating on DK to buy with a price target of $58. Earlier, on June 12, 2026, Morgan Stanley maintained its hold rating with a $45 target. Mizuho also maintained a buy rating on May 27, 2026, with a $60 target. The consensus among analysts suggests a mixed outlook, with varying price targets and recommendations.
About DK
DK is a company involved in the energy sector. It operates primarily in refining and marketing petroleum products. The company is focused on providing energy solutions and services to various markets. With a committed workforce, DK continues to play a significant role in the energy industry.
Bottom Line
TD Cowen's recent upgrade of DK to a buy rating with a $58 price target illustrates growing confidence in the stock's potential. Institutional activity reveals a mix of new positions and increased stakes, indicating varied interest among large investors. As always, it's essential to remember that analyst ratings are based on past data and market conditions at the time of the report.
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Source: TD Cowen's rating change on $DK (Jun 29, 2026). Written by software, not financial advice. How we make alerts