Piper Sandler Maintains Neutral on PBF Energy, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains a Neutral rating on PBF Energy (NYSE:PBF) and raises the price target from $50 to $61.

April 05, 2024 | 11:58 am
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Piper Sandler maintains a Neutral rating on PBF Energy but raises the price target from $50 to $61.
The increase in the price target from $50 to $61 by Piper Sandler suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for both upside and downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100