Piper Sandler analyst Ryan Todd downgraded PBF Energy to Neutral from Overweight with a price target of $50, down from $65. The firm cites a more narrower focus in the group for 2024 as well as a more modest outlook for the downgrade.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PBF:
- Mizuho downgrades 8, upgrades 3 on defensive oil and gas stance
- PBF Energy upgraded to Buy from Neutral at Mizuho
- PBF Energy added to Q1 2024 Tactical Ideas List at Wells Fargo
- PBF Energy price target lowered by $3 at Morgan Stanley, here’s why
- PBF Energy price target lowered by $1 at Wells Fargo, here’s why