TD Cowen Sticks to Their Sell Rating for PBF Energy (PBF)
In a report released today, Jason Gabelman from TD Cowen maintained a Sell rating on PBF Energy, with a price target of $22.00. The company’s shares opened today at $30.65.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Gabelman is a 4-star analyst with an average return of 6.7% and a 57.07% success rate. Gabelman covers the Energy sector, focusing on stocks such as Shell, Targa Resources, and Williams Co.
Currently, the analyst consensus on PBF Energy is a Moderate Sell with an average price target of $24.41, which is a -20.36% downside from current levels. In a report released on September 15, Tudor Pickering also downgraded the stock to a Sell with a $24.00 price target.
Based on PBF Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.48 billion and a GAAP net loss of $5.2 million. In comparison, last year the company earned a revenue of $8.74 billion and had a GAAP net loss of $65.2 million
