Mizuho Maintains Neutral on Phillips 66, Raises Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Neutral rating on Phillips 66 (NYSE:PSX) and raises the price target from $127 to $131.

September 18, 2023 | 2:41 pm
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Mizuho analyst Nitin Kumar maintains a Neutral rating on Phillips 66 and raises the price target from $127 to $131.
The news is directly about Phillips 66 (PSX). Mizuho analyst Nitin Kumar maintains a Neutral rating on the company, indicating that he expects the stock to perform in line with the market. He also raises the price target from $127 to $131, suggesting a potential upside. However, as the rating is Neutral, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100