PBF Energy Soars 7.98% on UBS Upgrade

PBF Energy (PBF) surged 7.98% today, marking its second consecutive day of gains, with a total increase of 9.84% over the past two days. The share price reached its highest level since May 2025, with an intraday gain of 9.25%.

The strategy of buying PBF shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -12.5%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a viable strategy for PBF or the broader market.

UBS Group recently upgraded PBF Energy from a "neutral" rating to a "buy" rating, and increased their target price for the stock from $20.00 to $26.00. This upgrade is likely to have contributed to the recent surge in PBF Energy's stock price. The upgrade reflects a positive outlook on the company's future performance and potential for growth.