On Oct 09, major Wall Street analysts update their ratings for $Phillips 66 (PSX.US)$, with price targets ranging from $144 to $167.
Morgan Stanley analyst Joe Laetsch maintains with a hold rating, and maintains the target price at $144.
Citi analyst Vikram Bagri maintains with a buy rating.
Wells Fargo analyst Roger Read maintains with a buy rating, and maintains the target price at $167.
Piper Sandler analyst Ryan Todd maintains with a buy rating, and adjusts the target price from $136 to $144.
Furthermore, according to the comprehensive report, the opinions of $Phillips 66 (PSX.US)$'s main analysts recently are as follows:
The analyst points out that the refining sector may have reached a low point, with diesel demand on the rise and support for gasoline demand from lower prices and payrolls. Additionally, current inventory levels for refined products are noted to be under the usual benchmarks. Looking ahead, anticipated increases in OPEC+ production by 2025 are expected to expand crude differentials, which could benefit coastal refineries. The analysis also suggests that refining capacity expansions in the Western Hemisphere are likely to be modest, with planned shutdowns in 2025 negating the increases from recent startups and biofuel capacity augmentations.
Here are the latest investment ratings and price targets for $Phillips 66 (PSX.US)$ from 4 analysts:
Note:
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