Raymond James Maintains Outperform on Phillips 66, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained an 'Outperform' rating on Phillips 66 (NYSE:PSX), but lowered the price target from $133 to $128.

October 06, 2023 | 12:20 pm
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Raymond James has maintained an 'Outperform' rating on Phillips 66, but lowered the price target from $133 to $128.
The 'Outperform' rating suggests that Raymond James expects Phillips 66 to do better than the market average. However, the lowering of the price target could indicate a slightly less optimistic outlook for the stock's future performance. This could potentially have a neutral impact on the stock's price in the short term.
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