Expert Outlook: Phillips 66 Through The Eyes Of 4 Analysts
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Phillips 66 (NYSE:PSX), all maintaining a somewhat bullish stance with no changes in the last 30 days. The average 12-month price target for PSX has been raised to $152.00, indicating a 9.95% increase from the previous target of $138.25. Analysts from Wells Fargo, Raymond James, and TD Cowen have raised their price targets, reflecting optimism about the company's future performance. Despite this, Phillips 66 faces challenges with a revenue decline of -11.82% as of September 30, 2023, and below-average net margin, ROE, and ROA, indicating potential profitability and efficiency issues.
February 01, 2024 | 7:01 pm
News sentiment analysis
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POSITIVE IMPACT
Phillips 66 has seen a positive shift in analyst sentiment with an increased average 12-month price target to $152.00, despite facing revenue and profitability challenges.
The unanimous somewhat bullish stance from analysts and the raised price targets suggest a positive outlook for PSX's stock price in the short term. However, the company's financial performance challenges, such as revenue decline and below-average profitability metrics, could temper the stock's upward momentum. The confidence in this analysis is based on the recent analyst actions and the company's financial health indicators.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100