JP Morgan Maintains Overweight on Phillips 66, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains an Overweight rating on Phillips 66 but lowers the price target from $160 to $141.
October 02, 2024 | 3:47 pm
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JP Morgan has maintained its Overweight rating on Phillips 66 but reduced the price target from $160 to $141, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Phillips 66, but the lowered price target indicates a more cautious outlook on its future performance. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100