Piper Sandler Downgrades PBF Energy to Underweight, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded PBF Energy from Neutral to Underweight and reduced its price target from $47 to $25.
September 20, 2024 | 1:54 pm
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NEGATIVE IMPACT
Piper Sandler has downgraded PBF Energy from Neutral to Underweight, significantly lowering the price target from $47 to $25. This suggests a bearish outlook on the stock.
The downgrade from Neutral to Underweight by Piper Sandler indicates a negative outlook on PBF Energy's stock. The substantial reduction in the price target from $47 to $25 suggests that the analyst expects the stock to underperform, likely leading to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100