tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

PBF Energy price target raised to $22 from $21 at Piper Sandler

Piper Sandler raised the firm’s price target on PBF Energy (PBF) to $22 from $21 and keeps an Underweight rating on the shares. Two weeks into 2nd Quarter refining earnings and results remain constructive, the firm notes. While PBF’s refining result was somewhat modest, the biggest takeaway may be that West Coast markets are likely to stay tighter for longer, with the Martinez refinery re-start pushed back a couple of months to year end.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1