Analysts raise Phillips 66 targets to $240 and $235
TD Cowen analyst Jason Gabelman maintained a Buy rating on Phillips 66 and raised the price target to $240 from $220. Goldman Sachs analyst Neil Mehta maintained a Neutral rating and raised the price target from $207 to $235.
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TD Cowen and Goldman Sachs have updated their outlook on Phillips 66, raising price targets while maintaining their respective ratings. The revisions reflect a revised outlook on the energy company's valuation and performance trajectory.
Rating and Price Target Details
TD Cowen analyst Jason Gabelman has maintained a Buy rating on Phillips 66 and raised the price target to $240 from $220. Separately, Goldman Sachs analyst Neil Mehta maintains a Neutral rating on Phillips 66 and has raised the price target from $207 to $235.
| Firm | Analyst | Rating | Previous Price Target | New Price Target |
|---|---|---|---|---|
| TD Cowen | Jason Gabelman | Buy | $220 | $240 |
| Goldman Sachs | Neil Mehta | Neutral | $207 | $235 |
The adjustments from both firms underscore varying levels of confidence in Phillips 66's stock, with TD Cowen suggesting potential upside based on the revised target.
What specific factors are driving the divergence between TD Cowen's Buy rating and Goldman Sachs' Neutral rating?
How might Phillips 66's performance be impacted by fluctuating energy prices in the coming quarters?
What strategic initiatives could Phillips 66 pursue to further justify the raised price targets?
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