Wells Fargo Analyst Reiterates Buy Rating on Phillips 66, PSX
Roger Read analyst at Wells Fargo reiterates coverage on Phillips 66 (PSX) in the Utilities sector with a Buy rating. TipRanks.com has Read rated as a 4.5 star analyst with a 63% return on investment and a 12.3% success rate. Read has set a price target of $ 97.
TipRanks.com reports that Phillips 66 currently has 11 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $96.55. The target pricing ranges from a high forecast of $107.00 down to a low forecast of $78.00. Phillips 66 (PSX)’s last closing price was $80.485 which would put the average price target at 19.96% upside.
In addition, TradingView issued a Neutral rating for PSX over the next month, Barchart.com has a buy rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on PSX.
Other analysts covering PSX include:
- Silvio Micheloto of Mizuho Securities issued a Buy rating with the price target of $ 101 on 6 days ago
- T J Schultz of RBC Capital issued a Buy rating with the price target of $ 101 on 1 month ago
- Justin Jenkins of Raymond James issued a Buy rating with the price target of $ 104 on 1 month ago
- Phil Gresh of J.P. Morgan issued a Buy rating with the price target of $ 98 on 1 month ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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