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Mizuho Downgrades Phillips 66 to Neutral, Raises Price Target to $300

Oct 8, 2026 · 07:19 AM ET· updated 9h ago

Mizuho analyst Nitin Kumar downgrades Phillips 66 (NYSE:PSX) from Outperform to Neutral and raises the price target from $220 to $300.

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Why It Matters

An expert lowered their enthusiasm for Phillips 66 even though they raised their price goal. This means the expert thinks the stock might be getting too expensive right now.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.