Phillips 66 (PSX) Gets a Buy from J.P. Morgan

J.P. Morgan analyst John Royall maintained a Buy rating on Phillips 66 (PSXResearch Report) on September 21 and set a price target of $118.00. The company’s shares closed yesterday at $82.27.

According to TipRanks, Royall is a 3-star analyst with an average return of 4.2% and a 53.85% success rate. Royall covers the Utilities sector, focusing on stocks such as Valero Energy, CVR Energy, and HF Sinclair Corporation.

In addition to J.P. Morgan, Phillips 66 also received a Buy from Wells Fargo’s Roger Read in a report issued on September 21. However, on September 14, Wolfe Research downgraded Phillips 66 (NYSE: PSX) to a Hold.

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The company has a one-year high of $110.07 and a one-year low of $64.53. Currently, Phillips 66 has an average volume of 3.24M.

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Founded in 2012, Phillips 66 is a Texas-based multinational energy company, which is engaged in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties.

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