Phillips 66 Reports Third-Quarter 2023 Financial Results and Update to Strategic Priorities

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Wolfe Research Upgrades Phillips 66 (PSX) to Outperform, 'Simple Story in a Complex Macro'

October 31, 2023 6:28 AM EDT

Wolfe Research analyst Sam Margolin upgraded Phillips 66 (NYSE: PSX) from Peerperform to Outperform with a price target of $146.00.

The analyst comments "Within a very complex macro, PSX put forth a relatively simple plan where shareholder returns will accelerate in coming quarters. Our... More