Citi analyst Vikram Bagri maintains $PBF Energy (PBF.US)$ with a hold rating, and adjusts the target price from $48 to $37.
According to TipRanks data, the analyst has a success rate of 26.1% and a total average return of -23.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PBF Energy (PBF.US)$'s main analysts recently are as follows:
The expectation of a shortfall in free cash flow and earnings for PBF Energy in Q3 is maintained despite improved operational efficiency. There is a projection of a considerable Q3 underperformance for PBF Energy, owing to its substantial exposure to the challenging macro refining conditions, especially in the West Coast region.
The analyst suggests that cracks may have reached their lowest point, with signs of diesel demand improvement. Additionally, a combination of lower prices and payroll figures could bolster gasoline demand, while refined product inventories remain under typical levels. They predict that increased OPEC+ production by 2025 will lead to more significant crude differentials, which would benefit coastal refiners. The analyst also notes that refining capacity expansions in the Western Hemisphere are expected to be minimal since planned closures in 2025 are likely to counterbalance the increases from recent startups and biofuel expansions.
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花旗分析師Vikram Bagri維持$PBF Energy (PBF.US)$持有評級，並將目標價從48美元下調至37美元。
根據TipRanks數據顯示，該分析師近一年總勝率為26.1%，總平均回報率為-23.2%。
此外，綜合報道，$PBF Energy (PBF.US)$近期主要分析師觀點如下：
儘管運營效率有所提高，但對第三季度PBF Energy自由現金流和收益將出現短缺的預期依然存在。預計PBF Energy第三季度業績將嚴重不佳，這是由於其面臨嚴峻的宏觀煉油條件的巨大風險，尤其是在西海岸地區。
分析師認爲，裂縫可能已達到最低點，有跡象表明柴油需求有所改善。此外，較低的價格和工資數字相結合可能會提振汽油需求，而成品油庫存仍低於正常水平。他們預測，到2025年，歐佩克+產量的增加將導致更大的原油差異，這將使沿海煉油商受益。該分析師還指出，預計西半球的煉油產能擴張將微乎其微，因爲計劃於2025年關閉煉油產能可能會抵消近期初創企業和生物燃料擴張帶來的增長。
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