PBF Energy price target raised to $28 from $25 at Scotiabank

Scotiabank raised the firm’s price target on PBF Energy (PBF) to $28 from $25 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage, the analyst tells investors. While the firm’s latest forecast is above consensus, the revised estimates are “disappointing” compared to what industry margin indicators originally suggested.