Goldman Sachs Maintains Neutral on PBF Energy, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta maintains a Neutral rating on PBF Energy (NYSE:PBF) but lowers the price target from $57 to $50.
July 01, 2024 | 2:08 pm
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Goldman Sachs analyst Neil Mehta maintains a Neutral rating on PBF Energy but lowers the price target from $57 to $50.
The lowering of the price target from $57 to $50 by a major financial institution like Goldman Sachs is likely to have a negative short-term impact on PBF Energy's stock price. The Neutral rating suggests no strong buy or sell recommendation, but the reduced price target indicates a less optimistic outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100