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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100