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PBF Energy (NYSE:PBF) price target dropped to $24.00, issued a ratings update today by Scotia Howard Weil

Just yesterday PBF Energy (NYSE:PBF) traded 2.73% higher at $21.07. The company’s 50-day moving average is $21.97 and its 200-day moving average is $25.20. With the last closing price down -16.38% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 2,048,599 shares of PBF changing hands under the typical 2,464,580

In a report announced on 10/19/2016 Scotia Howard Weil bumped down the price target of PBF Energy (NYSE:PBF) from $29.00 to $24.00 stating a possible upside of 0.14%.

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PBF Energy has a 52 week low of $19.47 and a one year high of $41.75 PBF’s total market value is presently $0.

Also covering PBF Energy's price target, a total of 13 brokerages have issued a ratings update on PBF Energy. The 12-month price target is $35.85 with five equity analysts rating the company a strong buy, six equity analysts rating the stock a buy, 6 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On PBF Energy (NYSE:PBF)

PBF Energy Inc. (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics. The Refining segment produces a range of products at each of its refineries, including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. The Logistics segment includes PBF Logistics LP (PBFX), which engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations.

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