PBF Energy price target raised to $42 from $41 at Piper Sandler

Piper Sandler raised the firm’s price target on PBF Energy (PBF) to $42 from $41 and keeps an Overweight rating on the shares. The firm notes the company reported stronger than expected Q4, with the forward-looking takeaways constructive for 2026 estimates and supportive of its investment theses. Stronger than expected margin capture and peer-leading exposure to continued widening in crude differentials is a tailwind for forward estimates, while a positive update on Martinez’ start-up derisks the near-term outlook and its West Coast leverage, Piper argues.