Barclays Maintains Equal-Weight on Phillips 66, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen maintains an Equal-Weight rating on Phillips 66 (NYSE:PSX) but lowers the price target from $138 to $133.
October 08, 2024 | 5:38 pm
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Barclays has maintained its Equal-Weight rating on Phillips 66 but has lowered the price target from $138 to $133, indicating a slightly less optimistic outlook.
The lowering of the price target by Barclays 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. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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