Jefferies raised the firm’s price target on Phillips 66 (PSX) to $158 from $149 and keeps a Hold rating on the shares after holding talks with its EVP of Midstream & Chemicals. The call emphasized PSX’s achievements in FY25, and its strong outlook heading into FY26 and beyond, with the executive focusing on the midstream sector and indicating that mid-single-digit growth is sustainable based on current opportunities, the analyst tells investors in a research note.
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