Analysts lifted price targets on Phillips 66 (NYSE:PSX) ahead of Q2—Goldman $235, BofA $213, TD Cowen $240, Piper Sandler $208—citing stronger refining margins even as the company said unit 35 at its 277,000 bpd Sweeny, TX refinery malfunctioned after a lightning strike tied to Tropical Storm Bertha.
Previous Week Recap
- Analysts Increase PSX Price Targets: Analysts raised Phillips 66 (PSX) price targets ahead of Q2: Goldman $235, BofA $213, TD Cowen $240, Piper Sandler $208, citing stronger refining margins and crack spreads.
- Sweeny Refinery Unit Malfunction: Phillips 66 (PSX) said unit 35 at its 277,000 bpd Sweeny, TX refinery malfunctioned after a lightning strike during late-Thursday weather linked to Tropical Storm Bertha.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.