Freedom Broker upgrades Phillips 66 to Hold and lifts target to $258
Freedom Broker moved its rating on Phillips 66 from Sell to Hold and raised its price target from $173 to $258, TradingView reports.
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what happened
According to TradingView, citing Benzinga data, Freedom Broker upgraded Phillips 66 shares from Sell to Hold and raised its price target from $173 to $258, a rise of 49.1%. The new target implies a downside of 8.8% from the October 30 close of $282.83.
Over the past 30 days, five analyst notes on the company carried price targets between $268 and $346. Wells Fargo kept an Overweight rating with a $346 target, TD Cowen held Buy at $308, Citigroup and Barclays kept neutral ratings at $297 and $282, and Piper Sandler stood at $268.
why it matters
A move from Sell to Hold means the analyst no longer recommends selling the stock, though it does not yet call for buying it. Rating changes like this reflect a shift in view on the company, but a single broker note rarely moves the market on its own.
tags
instruments
sources
- Freedom Broker upgrades Phillips 66 to Hold from Sell, raises price target to $258 from $173 — TradingView, 31 October 2026 at 01:32 UTC
- Freedom Broker upgrades Baker Hughes to Hold from Sell, raises price target to $52 from $51 — TradingView, 31 October 2026 at 01:31 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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