TD Cowen Maintains Outperform on Phillips 66, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Gabelman has maintained an Outperform rating on Phillips 66 (NYSE:PSX) and increased the price target from $134 to $150.
December 04, 2023 | 5:28 pm
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TD Cowen analyst Jason Gabelman reaffirmed an Outperform rating on Phillips 66 and raised the price target to $150, indicating a positive outlook on the stock.
The increase in price target by TD Cowen reflects a strong vote of confidence in Phillips 66's future performance. This endorsement from a reputable analyst is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment around the company improves.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100