Fly News Breaks for February 28, 2020
Feb 28, 2020 | 06:03 EDT
Piper Sandler analyst Ryan Todd downgraded PBF Energy to Neutral from Overweight with a price target of $29, down from $43. The analyst sees elevated estimate revision risk and finds the stock's relative valuation less attractive versus its large-cap peers.
News For PBF From the Last 2 Days
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."