Scotiabank lowered the firm’s price target on PBF Energy to $31 from $45 and keeps a Sector Perform rating on the shares. The firm updated price targets across the major oil and refiner group to reflect its newly published commodity price deck.
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Read More on PBF:
- PBF Energy price target lowered to $36 from $42 at Mizuho
- PBF Energy price target lowered to $39 from $51 at Wells Fargo
- PBF Energy downgraded to Market Perform from Outperform at BMO Capital
- PBF Energy downgraded to Neutral from Overweight at JPMorgan
- PBF Energy downgraded to Underweight from Neutral at Piper Sandler