PBF Energy Inc (Symbol: PBF) shares have surpassed the average analyst 12-month target price of $47.73, trading at $48.09 on the market. The shift indicates potential reevaluation by analysts, who may either downgrade their targets based on valuation or adjust to higher levels in view of improving fundamentals.
A total of 11 analysts contribute to the average target, with estimates ranging from a low of $36.00 to a high of $58.00, showing a standard deviation of $5.9. Currently, the ratings for PBF Energy include four “strong buy,” seven “hold,” and zero “sell” ratings, resulting in an average rating of 2.27 on a scale where 1 is “strong buy” and 5 is “strong sell.”
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