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Phillips 66 analyst Susan Anderson downgraded the company from Sector Outperform to Sector Perform and set a price target of $133. Boyd Gaming Corporation was downgraded from Positive to Neutral with a price target of $86, and Northern Trust Corporation was downgraded from Market Perform to Underperform with a price target of $120. Helen of Troy Limited and Nutrien Ltd. were also downgraded by analysts.

In a series of recent analyst downgrades and price target adjustments, several companies across the energy and gaming sectors have seen shifts in their stock valuations. Phillips 66 (NYSE:PSX), Boyd Gaming (NYSE:BYD), Northern Trust Corporation (NYSE:NTN), Helen of Troy Limited (NASDAQ:HEL), and Nutrien Ltd. (NYSE:NTR) have all experienced changes in their analyst ratings and target prices.

Phillips 66 (NYSE:PSX) was downgraded by Susan Anderson from Sector Outperform to Sector Perform, with a new price target of $133.00. The downgrade came despite the company's strong financial performance, with earnings per share (EPS) of $0.90 for the quarter, missing analysts' consensus estimates by $0.97. Phillips 66 has seen a variety of analyst ratings and price targets in recent months, with an average rating of "Moderate Buy" and a consensus target price of $134.79 [1].

Boyd Gaming (NYSE:BYD) was downgraded from Positive to Neutral by an analyst at Susquehanna, with a new price target of $86.00. The stock fell 6.7% in the afternoon session following the downgrade. The analyst's move came despite a significant announcement that Boyd Gaming will sell its 5% equity stake in FanDuel to Flutter Entertainment for approximately $1.76 billion in cash. The sale is expected to reduce debt and unlock value, but the downgrade may reflect concerns about the company's growth profile post-divestiture [2].

Northern Trust Corporation (NYSE:NTN) was downgraded from Market Perform to Underperform, with a new price target of $120.00. The company has seen a variety of analyst ratings and price targets in recent months, with an average rating of "Hold" and a consensus target price of $118.00 [1].

Helen of Troy Limited (NASDAQ:HEL) and Nutrien Ltd. (NYSE:NTR) were also downgraded by analysts, but specific details on the downgrades and new price targets were not provided in the source materials.

These downgrades and price target adjustments reflect the evolving views of analysts on the companies' prospects and valuations. Investors should closely monitor these changes and consider the implications for their investment strategies. It is essential to stay informed about the latest developments and maintain a balanced perspective when making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/barclays-forecasts-strong-price-appreciation-for-phillips-66-nysepsx-stock-2025-07-09/
[2] https://finance.yahoo.com/news/boyd-gaming-byd-stock-trades-165059574.html