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Fly News Breaks for October 5, 2018
PBF
Oct 5, 2018 | 08:24 EDT
Credit Suisse analyst Manav Gupta raised his price target for PBF Energy to $53 from $46, as he adjusts PBF's Q3 earnings estimate to $1.01 from $1.04 vs. the $1.04 consensus. The analyst reiterates a Neutral rating on the shares, and says PBF's management deserves a lot of credit for stabilizing operations at both Chalmette and Torrance and that the company has come a long way since many questioned the quality of these two assets.
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