Scotiabank Maintains Sector Perform on PBF Energy, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a 'Sector Perform' rating on PBF Energy (NYSE:PBF) and increased the price target from $39 to $56.

April 11, 2024 | 6:58 pm
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Scotiabank has maintained a 'Sector Perform' rating on PBF Energy and raised the price target from $39 to $56.
The increase in price target by Scotiabank reflects a positive outlook on PBF Energy's stock, suggesting that the analyst sees potential for growth beyond its current price. This adjustment is likely to influence investor sentiment positively in the short term, as it signals confidence in the company's future performance and valuation.
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IMPORTANCE 90
RELEVANCE 100