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Actionable news in DK: DELEK US HOLDINGS Inc,

Delek U.S. (DK) Stock Rating Downgraded at JPMorgan

NEW YORK (TheStreet) -- Shares of Delek U.S. (DK) are up 0.17% to $12.76 in late-afternoon trading as JPMorgan downgraded the company's rating to "neutral" from "overweight" this morning.

The firm lowered the price target for the Franklin, TN-based downstream energy company to $12 from $17.

Delek is expected to acquire the rest of Alon USA Energy (ALJ), which the firm calls "a good match with DK's existing footprint," the firm said in the analyst note.

But some investors are concerned about Delek Holdings' "balance sheet in case the current macro environment persisted," according to Benzinga.

Additionally, the fiscal 2016 second quarter estimates...


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