Wells Fargo Maintains Overweight on Phillips 66, Lowers Price Target to $167
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Phillips 66 but lowers the price target from $182 to $167.
October 09, 2024 | 3:16 pm
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Wells Fargo has maintained its Overweight rating on Phillips 66 but has reduced the price target from $182 to $167, indicating a more cautious outlook.
The reduction in the price target from $182 to $167 suggests a less optimistic view on Phillips 66's future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100