Scotiabank Maintains Sector Outperform on Phillips 66, Lowers Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Phillips 66 but lowers the price target from $145 to $136.
October 10, 2024 | 5:28 pm
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NEUTRAL IMPACT
Scotiabank has maintained its Sector Outperform rating for Phillips 66 but has reduced the price target from $145 to $136.
The maintenance of a Sector Outperform rating suggests continued confidence in Phillips 66's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100