Raymond James Maintains Outperform on Phillips 66, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained an Outperform rating on Phillips 66 (NYSE:PSX) and increased the price target from $128 to $140.
December 19, 2023 | 12:34 pm
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Raymond James analyst Justin Jenkins has reaffirmed an Outperform rating on Phillips 66 and raised the price target from $128 to $140, indicating a positive outlook on the stock.
The increase in price target by Raymond James reflects a bullish sentiment on Phillips 66, suggesting that the analyst sees potential for the stock to rise to the new target price of $140. This could lead to increased investor confidence and a potential short-term rise in the stock price.
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IMPORTANCE 85
RELEVANCE 100