UBS Maintains Neutral on PBF Energy, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Manav Gupta has maintained a Neutral rating on PBF Energy (NYSE:PBF) but has reduced the price target from $53 to $49.

December 07, 2023 | 4:52 pm
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NEUTRAL IMPACT
UBS analyst Manav Gupta maintains a Neutral rating on PBF Energy and lowers the price target from $53 to $49.
The reduction in price target by UBS suggests a more conservative valuation of PBF Energy, which could lead to a tempered investor outlook. However, since the rating remains Neutral, the immediate impact on the stock price may be limited as the market has not been given a strong directional signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100