Piper Sandler Maintains Neutral on PBF Energy, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains a Neutral rating on PBF Energy (NYSE:PBF) and lowers the price target from $61 to $54.
May 14, 2024 | 3:41 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on PBF Energy but reduced the price target from $61 to $54.
The reduction in price target by a reputable analyst like Ryan Todd from Piper Sandler could lead to a negative short-term sentiment among investors, potentially causing a decrease in PBF Energy's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100