Mizuho Upgrades PBF Energy to Buy, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has upgraded PBF Energy (NYSE:PBF) from Neutral to Buy and set a price target of $52. This upgrade suggests a positive outlook on PBF Energy's stock performance.
January 03, 2024 | 12:52 pm
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POSITIVE IMPACT
PBF Energy was upgraded by Mizuho analyst Nitin Kumar from Neutral to Buy with a new price target of $52, indicating a positive future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or future prospects for the company. The new price target of $52 by Mizuho represents a significant potential upside from the current trading price, which may attract investors and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100