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Fly News Breaks for May 15, 2019
PBF
May 15, 2019 | 07:14 EDT
As previously reported, Credit Suisse analyst Manav Gupta upgraded PBF Energy to Outperform from Neutral, with a $42 price target. The analyst believes the company will be running harder in a much-improved macro environment as majority of the planned maintenance for 2019 would be in the rear view mirror by mid-2Q19. Midpoint of PBF's Q2 guidance implies runs will be up 15% quarter over quarter, he notes.
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