BMO Capital Downgrades PBF Energy to Market Perform, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has downgraded PBF Energy from Outperform to Market Perform and reduced its price target from $42 to $35.

October 04, 2024 | 3:23 pm
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BMO Capital has downgraded PBF Energy from Outperform to Market Perform, reducing the price target from $42 to $35. This suggests a less optimistic outlook for PBF Energy's stock performance.
The downgrade from Outperform to Market Perform indicates a less favorable view of PBF Energy's future performance. The reduction in the price target from $42 to $35 suggests that the analyst expects the stock to have limited upside potential. Such downgrades typically lead to a negative short-term impact on the stock price as investors adjust their expectations.
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