B of A Securities Downgrades PBF Energy to Neutral, Announces $56 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Doug Leggate has downgraded PBF Energy from Buy to Neutral and set a price target of $56.
August 15, 2023 | 12:14 pm
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NEGATIVE IMPACT
PBF Energy has been downgraded from Buy to Neutral by B of A Securities, with a new price target of $56.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for PBF Energy. This could potentially lead to a decrease in demand for the stock, negatively impacting its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100