Mizuho Maintains Neutral on PBF Energy, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on PBF Energy while lowering the price target from $42 to $36.
October 09, 2024 | 12:44 pm
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NEGATIVE IMPACT
Mizuho has maintained a Neutral rating on PBF Energy and reduced the price target from $42 to $36, indicating a less optimistic outlook.
The reduction in price target from $42 to $36 by Mizuho suggests a less optimistic view on PBF Energy's future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100