Delek US Holdings Inc. | nashvillepost.com

Analyst action: Delek, Emdeon

The first Nashville-area upgrades of 2010 are for Delek US Holdings and Emdeon. Paul Sankey at Deutsche Bank has raised his rating on the refinery group, saying rising overall demand and good inventory management will boost profits this year. Sankey has hiked his target price for Delek (Ticker: DK) to $10 from $7. The shares are up about 7 percent early this morning. Over at Brean Murray, analyst Bret Jones isn't quite as pessimistic about Emdeon's prospects as he was in September and says the company looks set to surprise the street with its Q4 report next month. Shares of Emdeon (Ticker: EM) are up about 2 percent out of the gate.

Jan 4, 2010 8:36 AM

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Israel-based firm takes Delek stake

Insurance company 6% owner of Mapco parent

Dec 30, 2009 10:28 AM

Shareholders without resolution

When Nashville stocks were at their cheapest, most of the people who knew them best declined to put more skin in the game [From our print edition featured in Monday's City Paper]

Dec 26, 2009 12:20 PM

Technicals point in different directions for Tractor Supply, Delek

Heading toward the new year, investors seem to think Tractor Supply shares (Ticker: TSCO) can keep rising and get support from its moving averages. The opposite trend seems to at work for Delek (Ticker: DK), where the short-term average has dipped under its longer-term peers.

Dec 26, 2009 8:07 AM

Delek's majority owner with well-timed vote of confidence

Israel-based Delek Group last week bought more than 120,000 shares of Delek US, the parent of Mapco and other gas station brands in the Southeast. The purchases lifted the holding company's stake in its U.S. arm to 74 percent and took place after the stock had fallen below $6, its lowest level since January. Since then, though, Delek (Ticker: DK) has rebounded 15 percent — and continued to rise after hours Tuesday — adding to 2009 gains that are nearing 30 percent.

Dec 23, 2009 8:55 AM

Delek extends debt deadline

Delek US Holdings, the parent of Mapco, has renegotiated its senior secured debt agreement by giving participating banks the option to extend their revolving credit lines by a year. Those who don't will bow out of the consortium in April. Delek also now has the option to bring in up to $180 million of new revolver commitments.

Dec 17, 2009 10:01 AM

Look for Mapco to go M&A on us

Even though he's trimmed his 2010 estimates and valuation of Delek US Holding, Avondale analyst Dan Mannes says the company's is ready to build on its track record as a smart M&A player with "a knack for acquiring and turning around undervalued assets." Mannes has a target of $7 on Delek shares (Ticker: DK), which closed Wednesday after-hours trading at $6.79.

Nov 19, 2009 7:27 AM

Refining makes for rough quarter at Delek

Retail division sees more stable regional economy

Nov 5, 2009 12:30 PM

How Delek already is suffering from climate legislation

Consulting firm Wood Mackenzie says climate legislation now being considered spells big potential trouble for oil refiners because of the limited availability of free emission permits. That helps explain why shares of Delek US Holding have trailed the S&P by some 50 points in the past six months. Brentwood-based Delek has since the end of 2005 booked 62 percent of its unit-level profits from refining.

Oct 27, 2009 9:52 AM