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PBF Energy price target lowered to $28 from $31 at Morgan Stanley

PBF Energy price target lowered to $28 from $31 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on PBF Energy (PBF) to $28 from $31 and keeps an Equal Weight rating on the shares. The firm refreshed estimates for a trio of refiners, citing Q4 results along with market and industry data.

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