Goldman Sachs Maintains Neutral on PBF Energy, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta maintains a Neutral rating on PBF Energy and lowers the price target from $45 to $39.
October 04, 2024 | 3:54 pm
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Goldman Sachs has maintained its Neutral rating on PBF Energy but has lowered the price target from $45 to $39, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on PBF Energy's future performance, which could lead to a short-term negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
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IMPORTANCE 80
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