B of A Securities Maintains Neutral on Phillips 66, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Doug Leggate maintains a Neutral rating on Phillips 66 (NYSE:PSX) and raises the price target from $150 to $180.

March 15, 2024 | 11:12 am
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B of A Securities maintains a Neutral rating on Phillips 66 but raises the price target from $150 to $180.
The increase in the price target from $150 to $180 by B of A Securities suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential impact.
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IMPORTANCE 75
RELEVANCE 100