Mizuho Analysts Trim Phillips 66 Stock Price Forecast But Hold Neutral Stance

Tuesday, 9 July 2024, 10:19

Mizuho has revised down their stock price target for Phillips 66, citing factors impacting its valuation. Despite the adjustment, Mizuho maintains a Neutral rating on the company’s shares. Investors may need to reassess their positions considering this new price target update from Mizuho.
Investing.com
Mizuho Analysts Trim Phillips 66 Stock Price Forecast But Hold Neutral Stance

Mizuho's Revise: Impact on Phillips 66 Shares

Mizuho analysts have decided to lower the stock price target for Phillips 66, a move that could influence investor sentiment.

Neutral Rating Maintained

The analysts at Mizuho have reiterated their Neutral stance on the company’s shares despite the downward adjustment in the price target.

  • Investor Consideration: With this new development, investors might want to reevaluate their Phillips 66 holdings.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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