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A statement released earlier today by UBS about PBF Logistics (NYSE:PBFX) drops the target price to $24.00

Showing a price of $20.50, PBF Logistics (NYSE:PBFX) traded -0.65% lower on the day. The last closing price is up -0.57% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. PBFX has recorded a 50-day average of $21.12 and a two hundred day average of $20.48. Volume of trade was down over the average, with 20,890 shares of PBFX changing hands under the typical 125,442

In a report released on Tuesday October 17, 2017 UBS reduced the stock price target of PBF Logistics (NYSE:PBFX) from $28.00 to $24.00 reporting a potential upside of 0.17%.

Performance Chart

PBF Logistics (NYSE:PBFX)

With a total market value of $0, PBF Logistics has price-earnings ratio of 9.22 with a one year low of $17.45 and a 52 week high of $22.70 .

In addition to UBS reporting its target price, a total of 4 brokers have issued a report on the stock. The one year target is $25.75 with three equity analysts rating the company a strong buy, 1 firm rating the stock a buy, 1 firm rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.

General Information About PBF Logistics (NYSE:PBFX)

PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline. The Storage Segment includes the Toledo Storage Facility, excluding the propane truck loading facility. The storage facility at its Toledo Storage Facility consisted of 30 tanks for storing crude oil, refined products and intermediates, as of December 31, 2016. PBF Logistics GP LLC (PBF GP) is its general partner. PBF GP is owned by PBF Energy Company LLC (PBF LLC).

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