Goldman Sachs Lifts PT on Phillips 66 (PSX) to $186 From $168 – Here’s Why

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Goldman Sachs recently increased its price target for Phillips 66 (PSX) to $186 from $168, maintaining a Neutral rating due to updated estimates reflecting Middle East disruptions, despite strong year-to-date equity performance. This follows a similar update from Barclays, which also raised its price target for PSX to $158 from $142. Phillips 66 reported strong fiscal Q4 2025 earnings of $2.9 billion, or $7.17 per share, and full-year earnings of $4.4 billion, or $10.79 per share.

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