Wells Fargo Maintains Overweight on PBF Energy, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on PBF Energy but lowers the price target from $52 to $51.
September 03, 2024 | 1:15 pm
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Wells Fargo's analyst Roger Read continues to rate PBF Energy as Overweight, indicating a positive outlook, but slightly reduces the price target from $52 to $51, suggesting a minor adjustment in expected valuation.
The Overweight rating suggests a positive outlook for PBF Energy, indicating that the stock is expected to perform well relative to the market. However, the slight reduction in the price target from $52 to $51 suggests a minor adjustment in the expected valuation, which may not significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100