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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100