Phillips 66 shares are trading higher after Raymond James maintained an Outperform rating on the stock and raised its price target from $140 to $155. Also, Wells Fargo raised its price target from $151 to $163 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (PSX) shares are trading higher following positive analyst actions. Raymond James maintained an Outperform rating and increased the price target from $140 to $155. Additionally, Wells Fargo raised its price target from $151 to $163.
February 01, 2024 | 5:04 pm
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POSITIVE IMPACT
Phillips 66 shares are experiencing an uptick after Raymond James and Wells Fargo raised their price targets, signaling strong confidence in the company's future performance.
The increase in price targets by reputable financial institutions like Raymond James and Wells Fargo is a strong indicator of their confidence in Phillips 66's future performance. This kind of analyst action typically leads to increased investor confidence and can drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100