Piper Sandler Maintains Overweight on Phillips 66, Lowers Price Target to $151
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains an Overweight rating on Phillips 66 (NYSE:PSX) but lowers the price target from $170 to $151.
June 14, 2024 | 1:17 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Phillips 66 but lowers the price target from $170 to $151, indicating a positive outlook but with reduced expectations.
The Overweight rating suggests a positive outlook, but the lowered price target indicates reduced expectations for short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100