Wells Fargo Maintains Overweight on Delek US Holdings, Raises Price Target to $95
Wells Fargo analyst Sam Margolin maintains Delek US Holdings (NYSE:DK) with a Overweight and raises the price target from $82 to $95.
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Wells Fargo analyst Sam Margolin maintains Delek US Holdings (NYSE:DK) with a Overweight and raises the price target from $82 to $95.
Drilling Tools International (DTI) is acquiring Saltire Energy Limited and Foxley Energy Limited for approximately $80 million in cash and 17.4 million shares. The deal is expected to increase DTI's Eastern Hemisphere revenue exposure from 18% to 40% and create cross-selling opportunities for its drilling technologies. Saltire projects $50.4 million in 2026 revenues with a 45% adjusted EBITDA margin, though investors should monitor debt levels and shareholder dilution risks.