Piper Sandler lowered the firm’s price target on PBF Energy to $54 from $61 and keeps a Neutral rating on the shares. Investor interest in refining has been extremely high over the last week, and while sentiment remains clearly bearish, the firm sees the outlook as more balanced than many believe.
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Read More on PBF:
- PBF Energy reports Q1 adjusted EPS 86c, consensus 66c
- PBF Energy Announces First Quarter 2024 Results and Declares Dividend of $0.25 per Share
- PBF Energy price target raised to $56 from $39 at Scotiabank
- PBF Energy price target raised to $71 from $65 at Wells Fargo
- PBF Energy price target raised to $61 from $50 at Piper Sandler