Wells Fargo Maintains Overweight on PBF Energy, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on PBF Energy (NYSE:PBF) and increased the price target from $64 to $65.
March 20, 2024 | 2:46 pm
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Wells Fargo has maintained an Overweight rating on PBF Energy and raised the price target from $64 to $65.
The maintenance of an Overweight rating combined with an increase in the price target by a reputable analyst like Roger Read suggests a positive outlook on PBF Energy's stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100