Wells Fargo Maintains Overweight on Phillips 66, Raises Price Target to $182
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Phillips 66 and raises the price target from $176 to $182.
September 03, 2024 | 1:17 pm
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Wells Fargo has reaffirmed its Overweight rating on Phillips 66 and increased the price target from $176 to $182, indicating a positive outlook.
The increase in the price target from $176 to $182 by Wells Fargo suggests a positive outlook for Phillips 66, likely leading to a short-term increase in stock price. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100