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What: Shares of Delek US Holdings
So what: Analysts at Deutsche Bank downgraded shares to a hold rating from a buy rating and put a $16 price target on the stock. Global Hunter Securities also initiated coverage with a buy rating and set a $20 price target.
Now what: Deutsche Bank is going against the grain of most analysts, with Morgan Keegan also having a high $25 price target on the stock. No matter whom you're looking at, with shares trading at $12.30 as I'm writing, the upside looks strong. Shares are trading at just 7.3 times trailing earnings and four times forward earnings estimates.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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