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Stock impact report

PBF Energy (PBF) Climbs 13.8% as Venezuela Oil Seizure Sparks Rosy Prospects [Yahoo! Finance]

PBF Energy Inc. Class A (PBF) 
Last pbf energy inc. class a earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.pbfenergy.com
Company Research Source: Yahoo! Finance
PBF Energy saw its share prices jump by 13.85 percent on Thursday to finish at $32.15 apiece after an investment firm turned bullish for the company, backed by optimism that it would benefit from the US government's seizure of up to 50 million barrels of sanctioned oil from Venezuela. In a market report, Piper Sandler upgraded PBF Energy Inc. (NYSE:PBF) to “overweight” from “underweight” previously, but lowered its price target to $40 from $42. Still, the revised figure marked a 24 percent upside potential from its latest closing price. Photo by Karolina Grabowska from Pexels According to Piper Sandler, PBF Energy Inc. (NYSE:PBF) stands to benefit from the broader crude oil environment, and is very well positioned from increased imports from Venezuela amid its huge exposure in the West Coast. It can be recalled that the US said it would seize up to 50 million barrels of sanctioned oil from Venezuela following the arrest of ousted president Nicolas Maduro and his wife for narc Show less Read more
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