Mizuho Maintains Neutral on Phillips 66, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Neutral rating on Phillips 66 (NYSE:PSX) and lowers the price target from $162 to $160.

June 20, 2024 | 2:22 pm
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NEUTRAL IMPACT
Mizuho analyst Nitin Kumar maintains a Neutral rating on Phillips 66 and lowers the price target from $162 to $160.
The Neutral rating suggests that the analyst does not expect significant short-term movement in the stock price. The slight reduction in the price target from $162 to $160 indicates a modestly less optimistic outlook, but not enough to warrant a downgrade. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100