New York, NY -- (ReleaseWire) -- 01/02/2013 -- Alon USA Energy USA Inc. (NYSE: ALJ), an independent retailer and marketer of petroleum products, is seeing a pullback in trading today after rallying in the previous trading session. ALJ had finished more than 19% higher on Monday after analysts at Goldman Sachs initiated coverage on the stock with a Buy rating and a $21 price target. Goldman Sachs analysts said in their research note that they expect the stock to outperform due to the recent IPO of Alon USA Partners and the continuation of the discount of WTI-Midland vs WTI Cushing.
ALJ broke through $16 resistance level on Monday as a result of the rally. The stock has pared some of the gains from Monday in mid-day trading today. At last check, ALJ was down 4.42% to $17.29 on volume of 636,729, which is nearly two times the daily average volume of 352,746.
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Duff & Phelps Corporation (NYSE: DUF), a provider of independent financial advisory and investment banking services in North America, Europe and Asia, is marginally higher in mid-day trading today. At last check, DUF was trading 0.32% higher at $15.67 on volume of 200,022, which is below the daily average volume of 254,670.
DUF had rallied in trading on Monday after the company agreed to be acquired by a private investor consortium comprising of The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group. The consortium offered to acquire DUF for $15.55 per share, a premium of 19.2% over DUF’s closing price on December 28, 2012.
Find out where DUF could be headed by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=DUF
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