Wells Fargo Maintains Overweight on Phillips 66, Raises Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an 'Overweight' rating on Phillips 66 (NYSE:PSX) and raised the price target from $130 to $144.
September 08, 2023 | 1:41 pm
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Wells Fargo has maintained an 'Overweight' rating on Phillips 66 and raised the price target from $130 to $144, indicating a positive outlook for the stock.
The 'Overweight' rating maintained by Wells Fargo indicates that the firm believes Phillips 66 will outperform the market. The increase in price target from $130 to $144 suggests that the firm expects the stock price to rise in the short term. This could potentially lead to an increase in the stock price of Phillips 66.
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