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Fly News Breaks for September 7, 2018
PBF
Sep 7, 2018 | 05:13 EDT
Goldman Sachs analyst Neil Mehta upgraded PBF Energy to Neutral and raised his price target for the shares to $54 from $49. PBF is well positioned to benefit from wider West Texas Intermediate -Western Canadian Select crude differentials, Mehta tells investors in a research note. The analyst also sees potential upside from implementation of the International Maritime Organization 2020 sulfur standards. As such, he views PBF's risk/reward as more balanced at current share levels.
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