---
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)

## Related News & Research

- [Control Empresarial de Capitales disposes of 120,000 PBF Energy common shares for $8.97 million](https://longbridge.com/en/news/296395202.md)
- [Control Empresarial de Capitales disposes of PBF Energy common shares worth $15.58 million](https://longbridge.com/en/news/296149071.md)
- [Delek US EVP Special Projects Reuven Spiegel sells 10,000 shares for $682,100](https://longbridge.com/en/news/296548018.md)
- [Delek US director Ezra Uzi Yemin disposes of common shares worth $13.43 million](https://longbridge.com/en/news/296156807.md)
- [NORCO: Q2 saw robust growth and record orders, with infrastructure and energy leading performance](https://longbridge.com/en/news/296469313.md)

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