Wells Fargo Maintains Overweight on Phillips 66, Lowers Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Phillips 66 (NYSE:PSX) but lowers the price target from $180 to $176.
July 31, 2024 | 4:00 pm
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Wells Fargo analyst Roger Read maintains an Overweight rating on Phillips 66 but lowers the price target from $180 to $176.
The Overweight rating suggests a positive outlook, but the lowered 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