Mizuho Maintains Neutral on PBF Energy, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Neutral rating on PBF Energy (NYSE:PBF) and raises the price target from $54 to $63.

September 18, 2023 | 2:41 pm
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Mizuho analyst Nitin Kumar maintains a Neutral rating on PBF Energy and raises the price target from $54 to $63.
The news is directly related to PBF Energy as Mizuho analyst Nitin Kumar maintains a Neutral rating on the company and raises the price target. This suggests that the analyst sees potential in the company but also acknowledges risks, hence the neutral rating. The increase in price target could lead to a positive sentiment among investors, but the neutral rating tempers this effect, leading to a neutral short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100