Wells Fargo lowered the firm’s price target on PBF Energy to $51 from $58 and keeps an Overweight rating on the shares. The firm raises "the caution flag" on the refining sector. Rapidly contracting diesel/jet cracks restrict the potential for near-term outperformance, Wells says.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PBF: