Wells Fargo Maintains Overweight on Phillips 66, Raises Price Target to $163
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Phillips 66 (NYSE:PSX) and increased the price target from $151 to $163.
February 01, 2024 | 1:16 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on Phillips 66 and raised the price target from $151 to $163.
The increase in the price target by a reputable analyst such as Roger Read from Wells Fargo is a strong positive signal for Phillips 66. It suggests confidence in the company's future performance and potential for stock price appreciation. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100