Latest news with #PBFenergy
Yahoo
a day ago
- Business
- Yahoo
PBF Energy (PBF) Gained Over 15% This Week. Here is Why.
The share price of PBF Energy Inc. (NYSE:PBF) surged by 15.02% between June 5 and June 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF Energy Inc. (NYSE:PBF) shot up this week after analysts at Wells Fargo raised the firm's price target from $18 to $21, while maintaining an 'Equal Weight' rating. Given seasonality and persistently narrow crude differentials, Wells Fargo continues to favor the large refiners over the smaller ones. Moreover, it was reported last week that UBS analysts have maintained their 'Buy' rating on PBF Energy Inc. (NYSE:PBF), while reiterating a price target of $26. While we acknowledge the potential of PBF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
PBF Energy (PBF) Gained Over 15% This Week. Here is Why.
The share price of PBF Energy Inc. (NYSE:PBF) surged by 15.02% between June 5 and June 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF Energy Inc. (NYSE:PBF) shot up this week after analysts at Wells Fargo raised the firm's price target from $18 to $21, while maintaining an 'Equal Weight' rating. Given seasonality and persistently narrow crude differentials, Wells Fargo continues to favor the large refiners over the smaller ones. Moreover, it was reported last week that UBS analysts have maintained their 'Buy' rating on PBF Energy Inc. (NYSE:PBF), while reiterating a price target of $26. While we acknowledge the potential of PBF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
