Wells Fargo lowered the firm’s price target on PBF Energy (PBF) to $22 from $25 and keeps an Equal Weight rating on the shares. The firm is updating its estimates to reflect the recent press release updates on Martinez as well as the $750M senior debt offering due 2030, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBF: