Morgan Stanley Rates PBF Energy (PBF) sell, $38 Price Target

Morgan Stanley analyst Connor Lynagh reiterates a sell rating on PBF Energy with a price target of $38 as of June 12, 2026, a 1.39% downside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:10 PM EDT · Updated Jun 18, 2026, 12:01 PM EDT

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Morgan Stanley rated PBF Energy Inc. ($PBF) "sell" with a $38 price target on June 12, 2026.

Since the rating, $PBF is down 6.2% after 1 week, up 37.1% after 1 month and up 102.5% to date (from the $41.74 close on Jun 12, 2026).

PBF PBF Energy Inc.

$84.52 +201.75% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its sell rating on PBF Energy Inc. (NYSE: PBF) with a price target of $38 on June 12, 2026.
Morgan Stanley's $38 price target implies 1.39% downside from PBF Energy Inc.'s ($PBF) current $38.53 share price.
Currently, PBF Energy shares are trading at $38.53, considerably lower than its 52-week high of $82.61.
The average price target among analysts for PBF Energy is $72.54, indicating a different consensus compared to Morgan Stanley's stance.

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Morgan Stanley's Position on PBF Energy

Morgan Stanley analyst Connor Lynagh reiterated a sell rating on PBF Energy Inc. (NYSE: PBF) with a price target of $38 on June 12, 2026. This rating comes as the stock is currently trading at $38.53.

How Morgan Stanley's Call Compares

Morgan Stanley's sell rating contrasts sharply with the average price target from other analysts, which is set at $72.54. This suggests a more optimistic view among the broader analyst community compared to Morgan Stanley's cautious stance. The target represents a significant upside from the current trading price, indicating that other analysts see potential for growth.

Analysts Set New Price Targets

In recent weeks, several firms have maintained their ratings on PBF Energy. On October 9, 2026, Goldman Sachs maintained a Neutral rating with a price target of $91, up from a previous target of $81. Similarly, Mizuho also kept a Neutral rating but raised its target to $89 from $65 on October 8, 2026. Citigroup, maintaining its Neutral stance, set a target of $91, up from $74 on October 6, 2026. These differing views highlight a range of expectations for the stock's performance moving forward.

Stock Performance Context

PBF Energy's stock is currently trading at $38.53, which is significantly lower than its 52-week high of $82.61. The stock has shown volatility, with a 52-week low of $25.62. This current price is also below its 200-day moving average of $46.30, which could indicate bearish sentiment among investors.

12-month forecast

$PBF price target

PBF Energy Inc. daily closes and this analyst's $38 target. Not advice.

Upcoming Earnings

PBF Energy is set to report its next earnings on October 29, 2026. Investors will be looking to see how the company's financial performance aligns with analyst expectations, especially in light of the mixed ratings from Wall Street.

What PBF Energy Inc. Does

PBF Energy Inc. operates in the oil and gas refining and marketing industry. The company refines and supplies various petroleum products, including gasoline and diesel, across the United States and internationally. PBF Energy's performance is closely tied to fluctuations in crude oil prices and refining margins, which can impact its profitability.

What's Ahead for PBF Energy Inc.

As PBF Energy approaches its next earnings date, attention will be on how the company's results will be received in light of the varied analyst opinions. The reiteration of a sell rating by Morgan Stanley suggests that some analysts remain cautious about the company's near-term outlook, while others see potential for recovery. Investors should monitor further analyst ratings and market trends as the earnings date approaches.