TD Cowen Maintains Buy on Phillips 66, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Gabelman maintains a Buy rating on Phillips 66 (NYSE:PSX) but lowers the price target from $164 to $155.
June 21, 2024 | 3:36 pm
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NEUTRAL IMPACT
TD Cowen analyst Jason Gabelman maintains a Buy rating on Phillips 66 but lowers the price target from $164 to $155.
The maintained Buy rating suggests continued confidence in Phillips 66's performance, but the lowered price target indicates some caution regarding its short-term potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100