Scotiabank Maintains Sector Perform on PBF Energy, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Perform rating on PBF Energy but has lowered the price target from $45 to $31.
October 10, 2024 | 5:27 pm
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Scotiabank has maintained its Sector Perform rating on PBF Energy but reduced the price target from $45 to $31, indicating a less optimistic outlook.
The lowering of the price target from $45 to $31 by Scotiabank suggests a less favorable view on PBF Energy's future performance, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100