Phillips 66 (PSX) Receives a Rating Update from a Top Analyst

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UBS analyst Manav Gupta maintained a Buy rating on Phillips 66 (PSX) with a $300 price target, citing his strong track record. Raymond James also issued a Buy rating today. Conversely, Bank of America Securities maintained a Hold rating on the stock as of September 10.

In a report released today, Manav Gupta from UBS maintained a Buy rating on Phillips 66, with a price target of $300.00.

According to TipRanks, Gupta is a top 100 analyst with an average return of 26.0% and a 71.23% success rate. Gupta covers the Energy sector, focusing on stocks such as Phillips 66, Chevron, and Valero Energy.

In addition to UBS, Phillips 66 also received a Buy from Raymond James’s Justin Jenkins in a report issued today. However, on September 10, Bank of America Securities maintained a Hold rating on Phillips 66 (NYSE: PSX).

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