Morgan Stanley Maintains Equal-Weight on Phillips 66, Lowers Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh maintains an Equal-Weight rating on Phillips 66 (NYSE:PSX) but lowers the price target from $150 to $144.
September 16, 2024 | 4:50 pm
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Morgan Stanley has maintained its Equal-Weight rating on Phillips 66 but has lowered the price target from $150 to $144, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on Phillips 66's future performance, which could lead to a short-term negative impact on the stock price.
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