Wells Fargo Securities has begun covering the limited partner interests of Delek Logistics with an 'outperform' rating and a price target range of $25 to $28. Delek Logistics was spun out of Delek US Holdings last month at $21 per share but hasn't done much since. Wells analysts say the company (Ticker: DKL) should be able to generate earnings growth averaging 11 percent a year through 2017.
Avondale Partners analyst Fred Lowrance says investors could do a lot worse than buying Ryman Hospitality Properties shares now that it looks like the company will next year sport a dividend yield of about 6.5 percent. On top of that, he says, bringing the muscle of Marriott's sales group to the Gaylord family of hotels should boost cash flows back to Ryman. "We thus feel comfortable arguing that RHP should trade much closer to where peers have historically," he wrote clients this week.
Ryman shares (Ticker: RHP) have climbed more than 10 percent to about $37 since the company paid out its big one-time dividend last month. Lowrance sees them going to $49, up from his previous target of $48.