9 Analysts Have This To Say About Phillips 66
Portfolio Pulse from Benzinga Insights
9 analysts have recently updated their ratings on Phillips 66 (NYSE:PSX), showing a mix of bullish to indifferent sentiments. The average 12-month price target has been raised to $165.89, indicating an 11.67% increase from the previous target. Analysts from firms like JP Morgan, Goldman Sachs, and Mizuho have raised their price targets, reflecting optimism about the company's future performance. Despite a -4.99% decline in revenue growth and challenges in net margin, Phillips 66's strong ROE and ROA, along with a sound debt management strategy, suggest a robust financial health.
April 01, 2024 | 2:01 pm
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POSITIVE IMPACT
Phillips 66 has seen a positive shift in analyst sentiment, with an increased average 12-month price target of $165.89, reflecting an 11.67% rise. Despite a revenue decline, strong ROE, ROA, and debt management indicate financial health.
The increase in the average 12-month price target by analysts suggests a bullish outlook on Phillips 66, likely due to its strong financial indicators such as ROE and ROA, despite the recent revenue decline. The unanimous positive revisions in price targets by analysts from reputable firms further bolster confidence in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100