How Will PBF Logistics (PBFX) Stock Be Affected By This Coverage Initiation

NEW YORK (TheStreet) -- PBF Logistics (PBFX) had coverage initiated with positive ratings by four different ratings groups.

Credit Suisse  (CS) initiated coverage with an "outperform" rating and $32 price target, while Barclays  (BCS) initiated coverage at "overweight" and a $31 price target.

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UBS AG (UBS) and Citigroup (C) both initiated coverage with "buy" ratings. UBS has a $30 price target on the shares, while Citigroup has a $31 price target.

The oil services company closed its IPO on May 14, selling 15.8 million shares and raising approximately $341 million.

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