Credit Suisse Group resumed coverage on PBF Logistics
$PBFX
Credit Suisse Group resumed coverage of PBF Logistics with a rating of Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2021 | $16.00 → $14.00 | Equal-Weight | Wells Fargo |
Wells Fargo reiterated coverage of PBF Logistics with a rating of Equal-Weight and set a new price target of $14.00 from $16.00 previously
Credit Suisse Group reiterated coverage of PBF Logistics with a rating of Neutral and set a new price target of $13.50 from $11.50 previously
Credit Suisse Group resumed coverage of PBF Logistics with a rating of Neutral
4 - PBF Logistics LP (0001582568) (Issuer)
4 - PBF Logistics LP (0001582568) (Issuer)
4 - PBF Logistics LP (0001582568) (Issuer)
OVERLAND PARK, KS / ACCESSWIRE / November 30, 2022 / TortoiseEcofin today announced that PBF Logistics LP (NYSE:PBFX) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with PBF Energy Inc (NYSE:PBF). As part of the transaction PBF will acquire all of the outstanding common units representing limited partner interests of PBFX it does not already own effective December 1, 2022. Due to the acquisition, PBFX will be removed from both indices at market open on Thursday, December 1, 2022.For Tortoise MLP Index® (TMLP), PBFX will be removed with a special rebalancing. PBFX will be dropped from Tortoise No
PBF Logistics Unitholders Approve Transaction PARSIPPANY, N.J., Nov. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (NYSE:PBFX) today announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which PBF Energy acquired all of the common units representing limited partner interests in PBF Logistics ("PBFX Common Units") not already owned by PBF Energy and its subsidiaries (the "PBFX Public Common Units") for a combination of 0.270 of a share of PBF Energy Class A common stock and $9.25 in cash, without interest, per PBFX Public Common Unit.
PARSIPPANY, N.J., Nov. 29, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (NYSE:PBFX) today announced that C. Erik Young, Chief Financial Officer, has resigned to pursue other professional opportunities. Mr. Young's resignation will be effective December 20, 2022. A search for potential internal and external candidates to replace Mr. Young will be conducted. Mr. Young enjoyed a twelve-year career at PBF and has served as the Company's CFO since 2014. Among his many accomplishments during his tenure with the Company, Erik oversaw the build out of PBF's f