UPDATE: Morgan Stanley Downgrades PBF Energy on Earnings Overhangs
July 08, 2013 at 09:20 AM EDT
In a report published Monday, Morgan Stanley analyst Evan Calio downgraded the rating on PBF Energy (NYSE: PBF ) from Overweight to Equal-Weight, and lowered the price target to $28.00. In the report, Morgan Stanley noted, “One-third of PBF's refining capacity is in the feedstock-advantaged Mid-Con region, which benefits from
