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Barclays Adjusts Phillips 66 Price Target to $158 From $142, Maintains Equal Weight Rating
Barclays has increased its price target for Phillips 66 (PSX) to $158 from $142, while reiterating an Equal Weight rating on the stock. The adjustment reflects Barclays’ updated valuation for the oil and gas refining and marketing company. Phillips 66’s stock was trading at $155.41 at the market close on February 19th.