PBF Energy shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
PBF Energy's stock has been downgraded from Buy to Neutral by B of A Securities, leading to a decrease in the company's share price.
August 15, 2023 | 5:36 pm
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NEGATIVE IMPACT
PBF Energy's stock was downgraded by B of A Securities, which has resulted in a decrease in the company's share price.
The downgrade of PBF Energy's stock from Buy to Neutral by B of A Securities indicates a less optimistic outlook for the company's stock, which can lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100