JP Morgan Maintains Overweight on PBF Energy, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains an Overweight rating on PBF Energy (NYSE:PBF) and raises the price target from $54 to $59.
April 01, 2024 | 1:57 pm
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POSITIVE IMPACT
JP Morgan analyst John Royall maintains an Overweight rating on PBF Energy and raises the price target from $54 to $59.
The upgrade in the price target by a reputable analyst like John Royall from JP Morgan is a strong positive signal for PBF Energy. It suggests a bullish outlook on the stock, likely due to favorable analysis of the company's fundamentals, market position, or growth prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100