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Stock Market & Financial Investment News

News Breaks
June 6, 2013
19:10 EDTPBFPBF Energy 15.95M share Secondary priced at $27.00
Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank acted as joint book running managers for the offering.
News For PBF From The Last 14 Days
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March 25, 2015
09:19 EDTPBFRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.

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