Goldman Sachs Maintains Buy on Phillips 66, Raises Price Target to $174
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta maintains a Buy rating on Phillips 66 (NYSE:PSX) and raises the price target from $152 to $174.
March 22, 2024 | 3:39 pm
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POSITIVE IMPACT
Goldman Sachs analyst Neil Mehta maintains a Buy rating on Phillips 66 and raises the price target from $152 to $174.
The upgrade in price target by a reputable analyst like Neil Mehta from Goldman Sachs is a strong positive signal for Phillips 66. It suggests a bullish outlook on the stock, likely due to favorable market conditions, operational efficiencies, or sector trends that Goldman Sachs believes will benefit PSX. This kind of endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100