Scotiabank raised the firm’s price target on PBF Energy to $56 from $39 and keeps a Sector Perform rating on the shares. The target change reflects the firm’s newly published commodity price deck, in which it raised its near- and long-term oil price outlook, as well as valuations across multiple metrics, the analyst tells investors.
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Read More on PBF:
- PBF Energy price target raised to $61 from $50 at Piper Sandler
- PBF Energy price target raised to $59 from $54 at JPMorgan
- PBF Energy downgraded to Neutral on valuation at Mizuho
- PBF Energy downgraded to Neutral from Buy at Mizuho
- PBF Energy upgraded to Buy at BofA, sees U.S. refiners re-rating higher
