JP Morgan Maintains Overweight on Phillips 66, Lowers Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains an Overweight rating on Phillips 66 (NYSE:PSX) but lowers the price target from $165 to $162.
July 02, 2024 | 3:37 pm
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NEUTRAL IMPACT
JP Morgan analyst John Royall maintains an Overweight rating on Phillips 66 but lowers the price target from $165 to $162.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100