Delek Logistics upgraded to Buy from Neutral at Citi

Citi analyst Douglas Irwin upgraded Delek Logistics to Buy from Neutral with a price target of $45, up from $44. The company recently announced a set of strategic updates that improve its outlook, but he market has not fully digested the impact of these transactions, the analyst tells investors in a research note. The firm thinks this creates an attractive entry point. It believes Delek Logistics offers a top-quartile yield and growth outlook with a risk/reward proposition that skews increasingly positive.