Expert Ratings For Phillips 66
Portfolio Pulse from Benzinga Insights
Phillips 66 (NYSE:PSX) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target for PSX has increased to $169.54, up 7.09% from the previous target. Analysts from firms including Piper Sandler, Barclays, Mizuho, Scotiabank, Wells Fargo, JP Morgan, Goldman Sachs, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Phillips 66, an independent refiner, has shown a revenue growth rate of 4.11% as of March 31, 2024, but lags in net margin and ROE compared to industry peers.
May 14, 2024 | 6:01 pm
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Phillips 66 has seen a recent increase in bullish sentiment among analysts, with an updated average 12-month price target of $169.54. Despite this positive outlook, the company's financial performance indicators such as net margin and ROE suggest potential challenges ahead.
The increase in the average price target and the adjustments made by analysts from reputable firms suggest a positive short-term outlook for PSX. However, the company's below-average net margin and ROE, compared to industry peers, could temper investor enthusiasm. The mixed financial performance indicators may lead to cautious optimism among investors, impacting the stock's short-term movement positively but with a note of caution due to underlying financial health concerns.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100