Raymond James raised the firm's price target on Delek Logistics to $60 from $57 and keeps an Outperform rating on the shares. Delek Logistics delivered a solid Q1, modestly ahead of expectations despite weather-related headwinds, reflecting continued execution in a volatile macro environment, the analyst tells investors in a research note. The company continues to benefit from a strong asset footprint and improving oil price backdrop, supporting steady cash flow growth and a constructive outlook for sustained performance, the firm says, adding that it sees an attractive entry point.
