PBF Energy price target lowered to $33 from $36 at Mizuho

Mizuho lowered the firm’s price target on PBF Energy (PBF) to $33 from $36 and keeps a Neutral rating on the shares. The company reported a modest miss verses consensus for Q3 on weaker than expected refining margins, but increased its dividend by 10% on the strength of its balance sheet and view of tightening refining markets in 2025, the analyst tells investors in a research note.