Raymond James Maintains Outperform on Phillips 66, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins maintains an Outperform rating on Phillips 66 (NYSE:PSX) but lowers the price target from $163 to $160.
May 30, 2024 | 4:08 pm
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Raymond James analyst Justin Jenkins maintains an Outperform rating on Phillips 66 but lowers the price target from $163 to $160.
The Outperform rating suggests continued confidence in Phillips 66's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100