---
title: "Delek US, PBF Energy surge as TD Cowen upgrades both refiners"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291183588.md"
description: "Delek US and PBF Energy stocks surged as TD Cowen upgraded both refiners. Delek was upgraded to Buy, citing undervalued equity and significant upside from small refinery exemptions worth $18/share, supported by consistent RIN refunds. PBF was upgraded to Hold, highlighting robust margins, strong earnings leverage, and expected $2B in free cash flow for deleveraging."
datetime: "2026-06-29T19:45:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291183588.md)
  - [en](https://longbridge.com/en/news/291183588.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291183588.md)
generator: "portal-rs"
---

# Delek US, PBF Energy surge as TD Cowen upgrades both refiners


### Related Stocks

- [PBF.US](https://longbridge.com/en/quote/PBF.US.md)
- [DK.US](https://longbridge.com/en/quote/DK.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**