JPMorgan analyst John Royall raised the firm’s price target on PBF Energy to $59 from $53 and keeps an Overweight rating on the shares. Despite fresh concerns around the demand side given fears of banking sector contagion seeping into the broader economy, refiners have held up relatively well given the circumstances, the analyst tells investors in a research note.
Published first on TheFly
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- PBF Energy call volume above normal and directionally bullish
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