Should You Buy Phillips 66 (PSX) Today? Analysis, Price Targets, and 2026 Outlook.
No data
No data
Growth
Profitability
Efficiency
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
Wall Street analysts forecast PSX stock price to fall
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 171.560
Low
110
Averages
132.4
High
162
Current: 171.560
Low
110
Averages
132.4
High
162
Morgan Stanley
Overweight
maintain
$174 -> $180
AI Analysis
2026-04-30
Reason
Morgan Stanley
Price Target
$174 -> $180
AI Analysis
2026-04-30
maintain
Overweight
Reason
Morgan Stanley raised the firm's price target on Phillips 66 to $180 from $174 and keeps an Overweight rating on the shares. Q1 EPS of 49c topped consensus, driven by stronger Refining margins and better Chemicals and Renewable Fuels results, partially offset by weaker Marketing & Specialties and Midstream results, the analyst tells investors.
Morgan Stanley
Equal Weight -> Overweight
upgrade
$147 -> $174
2026-04-24
Reason
Morgan Stanley
Price Target
$147 -> $174
2026-04-24
upgrade
Equal Weight -> Overweight
Reason
Morgan Stanley upgraded Phillips 66 to Overweight from Equal Weight with a price target of $174, up from $147. The firm cites upside in the company's chemicals unit and an attractive relative valuation at current share levels for the upgrade. Chemicals is a "key differentiator" for Phillips, the analyst tells investors in a research note. Morgan Stanley expects disruptions from the Iran conflict to result in polyethylene prices remaining elevated in 2026 before gradually moving lower through 2027.
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