Analyst Expectations For PBF Energy's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for PBF Energy (NYSE:PBF) have varied over the last quarter, with recent evaluations showing a mix of bullish and neutral stances. The average 12-month price target for PBF is now $58.86, marking a 3.26% increase from the previous target. Analysts from firms like JP Morgan, Mizuho, Wells Fargo, and B of A Securities have adjusted their ratings and price targets, reflecting changing market conditions and company performance. PBF Energy, an independent petroleum refiner, faces challenges in revenue growth, net margin, ROE, and ROA, trailing behind industry averages.
April 01, 2024 | 3:00 pm
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Analyst ratings for PBF Energy have shown a mix of bullish and neutral stances, with an updated average 12-month price target of $58.86. The company faces challenges in revenue growth, profitability, and efficiency metrics.
The mixed analyst ratings with a recent increase in the average price target suggest a cautiously optimistic outlook for PBF Energy. Despite facing operational challenges, the adjustments in ratings and price targets by reputable financial analysts indicate a belief in the company's potential for recovery or growth. This could lead to a positive short-term impact on PBF's stock price as market perceptions align with these expert analyses.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100