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Fly News Breaks for October 11, 2016
PBF
Oct 11, 2016 | 06:29 EDT
Credit Suisse analyst Edward Westlake downgraded PBF Energy to Neutral citing macro sensitivity to refining and RINS. The analyst said these factors are depressing PBF's earnings at a time of higher net debt after the Chalmette and Torrance acquisitions. Westlake has a $31 price target on PBF shares.
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