Analysts have been eager to weigh in on the Energy sector with new ratings on Chevron (CVX – Research Report) and Phillips 66 (PSX – Research Report).
Chevron (CVX)
Barclays analyst Betty Jiang maintained a Buy rating on Chevron today and set a price target of $203.00. The company’s shares closed last Friday at $165.89.
According to TipRanks.com, Jiang is a 1-star analyst with an average return of
Chevron has an analyst consensus of Strong Buy, with a price target consensus of $185.20, a 12.1% upside from current levels. In a report issued on April 18, Piper Sandler also assigned a Buy rating to the stock with a $204.00 price target.
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Phillips 66 (PSX)
In a report released today, Theresa Chen from Barclays maintained a Hold rating on Phillips 66, with a price target of $155.00. The company’s shares closed last Friday at $151.41.
According to TipRanks.com, Chen is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips 66 with a $164.21 average price target, representing a 7.7% upside. In a report issued on April 17, Morgan Stanley also maintained a Hold rating on the stock with a $160.00 price target.
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