B of A Securities Upgrades PBF Energy to Buy, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Doug Leggate upgraded PBF Energy (NYSE:PBF) from Neutral to Buy and increased the price target from $52 to $74, indicating a positive outlook on the company's stock.
March 15, 2024 | 11:43 am
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PBF Energy's stock rating was upgraded from Neutral to Buy by B of A Securities analyst Doug Leggate, with the price target raised from $52 to $74.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities, accompanied by a substantial increase in the price target, suggests a strong bullish outlook on PBF Energy. This is likely to instill confidence among investors and could lead to a short-term increase in the stock price as market participants react to the positive assessment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100