Phillips 66 shares are trading lower after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $155 to $147.
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 shares are trading lower following Barclays' decision to maintain an Equal-Weight rating on the stock while reducing its price target from $155 to $147.
April 30, 2024 | 2:43 pm
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Phillips 66's stock price is trading lower after Barclays maintained an Equal-Weight rating and lowered the price target from $155 to $147.
The reduction in the price target by Barclays, a major financial institution, signals a tempered outlook for Phillips 66, likely influencing investor sentiment and leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100