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Barclays Raises Phillips 66 (PSX) Target to $158, Keeps Equal Weight Rating
Barclays raised its price target on Phillips 66 (PSX) to $158 from $142, maintaining an Equal Weight rating, following the company’s strong Q4 2025 earnings report. Phillips 66 reported earnings of $2.9 billion and an adjusted EBITDA of $1 billion for the quarter, and addressed concerns about ethane recovery disruption from new Permian pipelines. Additionally, an executive of Phillips 66 recently sold 7,500 shares valued at $1.2 million.