Delek US Soars 8.6% on Refining Crack Spread Surge

Delek US shares soared 8.6% due to a rise in oil prices and a BofA analyst raising the company's price target from $28 to $40. The refining crack spread continues to increase, benefiting the company, which sources crude oil from the domestic market and refines it in the US. The stock is up 55% in 2026, with little doubt about the reason, but the analyst maintained an underweight rating and the revised target is below the current stock price.