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Fly News Breaks for January 14, 2020
PBF
Jan 14, 2020 | 08:04 EDT
Barclays analyst Theresa Chen initiated coverage of PBF Energy with an Overweight rating and $38 price target. The stock's risk/reward is skewed to the upside due to the company's ability to capture IMO tailwinds coupled with a discounted valuation, Chen tells investors in a research note.
News For PBF From the Last 2 Days
PBF
Jul 5, 2022 | 06:22 EDT
Barclays analyst Theresa Chen raised the firm's price target on PBF Energy to $27 from $25 and keeps an Underweight rating on the shares. The analyst raised her Q2 adjusted earnings per shared estimate to $8.35 from $3.14, driven by robust refining fundamentals. Looking past the upcoming earnings season, Chen remains cautious on PBF citing growing recession risk coupled with its "high beta, lack of diversification, and execution risk related to its Chalmette renewable diesel project."