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.

For an analyst ratings summary and ratings history on PBF Energy click here. For more ratings news on PBF Energy click here.

Shares of PBF Energy closed at $9.50 yesterday.

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