Wells Fargo Maintains Overweight on Phillips 66, Raises Price Target to $191
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 $179 to $191.
April 08, 2024 | 12:30 pm
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Wells Fargo has maintained an Overweight rating on Phillips 66 and increased the price target from $179 to $191.
The increase in the price target by a reputable analyst like Roger Read from Wells Fargo is a strong bullish signal for Phillips 66. It suggests that the analyst sees more upside potential in the stock, based on their research and market analysis. This kind of endorsement can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100