Wells Fargo Maintains Overweight on PBF Energy, Raises Price Target to $71
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 $65 to $71.
April 11, 2024 | 2:00 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on PBF Energy and raised the price target from $65 to $71.
The increase in the price target by a reputable analyst like Roger Read suggests a positive outlook on PBF Energy's stock, likely due to strong fundamentals or potential growth opportunities. This endorsement could lead to increased investor confidence and a potential short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100