Wells Fargo Maintains Overweight on PBF Energy, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on PBF Energy but lowers the price target from $51 to $39.
October 09, 2024 | 3:15 pm
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Wells Fargo's analyst Roger Read continues to rate PBF Energy as Overweight but has reduced the price target from $51 to $39, indicating a more cautious outlook.
The reduction in the price target from $51 to $39 by Wells Fargo suggests a less optimistic view on PBF Energy's future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates that the analyst still sees potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100