Mizuho Maintains Neutral on Phillips 66, Raises Price Target to $167
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Phillips 66 (NYSE:PSX) and increased the price target from $135 to $167.
March 22, 2024 | 2:35 pm
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Mizuho analyst Nitin Kumar maintains a Neutral rating on Phillips 66 but raises the price target from $135 to $167.
The increase in the price target by Mizuho suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. 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 90