Market Overview

Following Goldman Sachs, Vetr Upgrades PBF To Strong Buy

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The Vetr crowd on Thursday downgraded their rating for PBF Energy Inc (NYSE: PBF) from 4 stars (Buy), issued 8 days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 80 percent of Vetr user ratings bullish.

2017 might be looking up for PBF after a rocky start that saw shares drop by more than 25 percent. The oil industry as a whole has been struggling with the low price of the commodity, and PBF in February had a shaky showing in its Q4 earnings report, missing EPS estimate by 82 percent. Shortly after, there was an explosion at a California PBF refinery, although no personnel were injured.

However, while shares are still near an all-time low of around $20.45, PBF has received some positive ratings attention. A day before the Vetr upgrade, analysts with Goldman Sachs upgraded PBF from Sell to Neutral.

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Currently, the Vetr crowd's average target price for PBF is up at $24.38, which is above the average analyst target price of $22.80. Less than 2 percent of Vetr users are holding PBF in their watch lists.

Latest Ratings for PBF

DateFirmActionFromTo
May 2020JP MorganMaintainsUnderweight
May 2020Credit SuisseMaintainsOutperform
May 2020BarclaysDowngradesOverweightUnderweight

View More Analyst Ratings for PBF
View the Latest Analyst Ratings

 

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings

Latest Ratings

StockFirmActionPT
CECENeedhamMaintains10.0
MERCRBC CapitalDowngrades9.0
SGHRosenblattInitiates Coverage On45.0
VECOOppenheimerInitiates Coverage On18.0
NVAXJP MorganUpgrades46.0
View the Latest Analytics Ratings
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