Wells Fargo Maintains Overweight on Phillips 66, Raises Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Phillips 66 (NYSE:PSX) and raises the price target from $163 to $179.
March 20, 2024 | 2:48 pm
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POSITIVE IMPACT
Wells Fargo analyst Roger Read has maintained an Overweight rating on Phillips 66 and increased the price target from $163 to $179.
The increase in the price target by a reputable analyst such as Roger Read from Wells Fargo is a strong positive signal for Phillips 66. It suggests a bullish outlook on the stock based on the analyst's research and analysis. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100