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PBF Energy (PBF) Price Target Raised at Morgan Stanley. Here is Why

PBF Energy Inc. (NYSE:PBF) is included among the 12 Best American Oil Stocks to Buy Now.

PBF Energy Inc. (NYSE:PBF) engages in the refining and supplying of petroleum products. It operates through two segments, Refining and Logistics.

On June 12, Morgan Stanley analyst Joe Laetsch raised the firm’s price target on PBF Energy Inc. (NYSE:PBF) from $34 to $38, but maintained its ‘Underweight’ rating on the shares.

The move comes after Morgan Stanley revised its refiner price recommendations and updated its estimates for the latest strip prices through the next year. The firm noted that while refining margins have pulled back from their peak earlier in mid-May, they still remain high compared to their pre-war levels.

The analyst firm believes that even if the waterway of Hormuz remains reopened, crack spreads are likely to remain supported by tight fuel inventories and stable demand trends.

After suffering a massive fire in 2026, PBF Energy Inc. (NYSE:PBF)’s Martinez refinery has now returned to full capacity. The 157,000 bpd dual-coking facility has now positioned the company to enter a cash-harvesting phase after an extended period of elevated maintenance spending.

While we acknowledge the risk and potential of PBF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PBF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Most Profitable Energy Stocks to Buy Now and 10 High Yield Crude Oil Stocks to Buy Now

Disclosure: None. Follow Insider Monkey on Google News.

Undervalued AI Stock Poised for Massive Gains: 10,000% Upside

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

AI game is changing.

The chip guys, like Nvidia, they had their moment. The first AI wave? They rode it high.

But guess what? That ride’s over. Nvidia’s been flatlining since October 2025.

Remember the internet boom? Everyone thought Cisco and Intel were the kings, right? Wrong. The real money was made by the companies that actually used the internet to build something new: e-commerce, search engines, social media.

And it’s the same deal with AI. NVDA? They’re yesterday’s news. The real winners? They’re the robotics companies, the ones building the robots we only dreamed about before.

We’re talking AI 2.0. The first wave was about the chips, this one’s about the robots. Robots that can do your chores, robots that can work in factories, robots that will change everything. Labor shortages? Gone. Industries revolutionized? You bet.

This isn’t some far-off fantasy, it’s happening right now. And there’s one company, a robotics company, that’s leading the charge. They’ve got the cutting-edge tech, they’re ahead of the curve, and they’re dirt cheap right now. We’re talking potential 100x returns in the next few years. You snooze, you lose.

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Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

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We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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