Mizuho Securities Reiterates Buy Rating on PBF Energy (PBF) Following 1Q
Mizuho Securities analyst Paul Sankey reiterated a Buy rating and $20.00 price target on PBF Energy (NYSE: PBF) following the company's 1Q earnings report. PBF Energy reported 1Q20 EPS of $(1.19) vs consensus of $(1.09).
PBF expects near-term throughput to be in the 650k-750k b/d range, 62% to 72% capacity utilization, which reinforces our view of industry discipline helping to tighten product markets.
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Shares of PBF Energy closed at $9.50 yesterday.