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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid mixed performance in the energy sector, an analyst update on Phillips 66 stands out as a positive signal. According to a MarketBeat report, TD Cowen raised its price target for Phillips 66 (PSX) to $220 from $213, maintaining a 'buy' rating and indicating a potential 25% upside from current levels.
PSX closed at $171.65 on June 26, 2026, recovering from an intraday low of $170.75. The revision follows mixed quarterly results, where earnings per share beat expectations but revenue fell short, according to available data. Other analysts have also issued positive revisions, bolstering the optimistic outlook.
With the new price target of $220, the stock remains positioned for further gains. Investors are monitoring refining sector performance and crude oil price developments, as well as any company updates on operational strategy. Upcoming economic reports and fuel-demand indicators could serve as key catalysts in the near term.
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