What Analysts Are Saying About Phillips 66 Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided a range of ratings for Phillips 66 (NYSE:PSX) over the past three months, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has decreased by 2.3% to $151.92. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting changing market conditions and company performance. Phillips 66 has shown solid revenue growth and strong profitability metrics, with a conservative debt management approach.
October 08, 2024 | 4:01 pm
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Phillips 66 has received mixed analyst ratings, with a slight decrease in the average price target to $151.92. The company shows strong profitability and conservative debt management, but its revenue growth lags behind industry peers.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on PSX's stock price. While the company shows strong profitability and effective debt management, its revenue growth is below industry averages, which may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100