TD Cowen Maintains Buy on Phillips 66, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Gabelman maintains a Buy rating on Phillips 66 but lowers the price target from $162 to $150.
September 11, 2024 | 2:03 pm
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TD Cowen maintains a Buy rating on Phillips 66 but reduces the price target from $162 to $150, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in Phillips 66's performance, but the lowered price target indicates a tempered outlook, likely due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100