Scotiabank analyst Paul Cheng lowered the firm’s price target on PBF Energy (PBF) to $16 from $25 and keeps a Sector Perform rating on the shares. The firm is updating its ratings across the U.S. Integrated Oil, Refining, and Large Cap E&P sector, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBF:
- Oil prices fall, putting U.S. shale production in peril, FT reports
- PBF Energy: Hold Rating Amid Operational Challenges and Cost Pressures
- PBF Energy price target lowered to $22 from $28 at Mizuho
- Trump auto tariffs coming soon, not all to be imposed on April 2, Reuters says
- PBF Energy price target lowered to $28 from $31 at Morgan Stanley