Piper Sandler Maintains Overweight on Phillips 66, Raises Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains an Overweight rating on Phillips 66 (NYSE:PSX) and raises the price target from $165 to $169.
March 08, 2024 | 2:32 pm
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Piper Sandler maintains an Overweight rating on Phillips 66 and raises the price target from $165 to $169.
The increase in the price target by Piper Sandler suggests a positive outlook on Phillips 66's stock, likely due to anticipated strong performance or favorable market conditions. This analyst endorsement can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100