Piper Sandler Maintains Overweight on Phillips 66, Lowers Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains an Overweight rating on Phillips 66 but lowers the price target from $151 to $136.
September 20, 2024 | 2:05 pm
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Piper Sandler has maintained an Overweight rating on Phillips 66 but reduced the price target from $151 to $136, indicating a more cautious outlook.
The reduction in the price target from $151 to $136 suggests a more cautious outlook on Phillips 66's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100