Scotiabank Maintains Sector Outperform on Phillips 66, Raises Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Outperform rating on Phillips 66 (NYSE:PSX) and increased the price target from $148 to $156, indicating a positive outlook on the stock.
April 11, 2024 | 6:59 pm
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Scotiabank maintains a Sector Outperform rating on Phillips 66 and raises the price target to $156 from $148.
The upgrade in the price target by Scotiabank reflects a positive outlook on Phillips 66, likely due to the company's strong fundamentals or market position. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
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