Morgan Stanley Maintains Equal-Weight on PBF Energy, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh maintains an Equal-Weight rating on PBF Energy but lowers the price target from $48 to $38.
September 16, 2024 | 4:52 pm
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Morgan Stanley has maintained its Equal-Weight rating on PBF Energy but reduced the price target from $48 to $38, indicating a less optimistic outlook.
The reduction in price target by Morgan Stanley suggests a less favorable view on PBF Energy's future performance, which could lead to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
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