Goldman Sachs maintained Delek Logistics Partners (NYSE: DKL) with a Buy rating and raised the price target from $28.00 to $31.00.
Goldman Sachs noted, “The full quarter results were negatively impacted by higher pre-IPO expenses and lower Lion Pipeline volumes due to the suspension of crude oil deliveries from a third-party system, which resumed in early March. However, recurring operating metrics (which we view as post-IPO) were strong including better margins than forecast in the Wholesale Marketing segment and higher gathering volumes on SALA.”
Delek Logistics Partners closed at $28.76 on Wednesday.
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Tags: Goldman Sachs
Posted in: Analyst Color, Price Target, Analyst Ratings