Raymond James Raises Phillips 66 (PSX) Price Target to $205 | PS

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Raymond James has increased its price target for Phillips 66 (PSX) to $205 from $175, maintaining an “Outperform” rating. This adjustment reflects a positive outlook for the energy manufacturing and logistics company, despite the average analyst price target suggesting a potential downside. Other analysts like Mizuho, Goldman Sachs, Citigroup, Wells Fargo, and Morgan Stanley have also recently updated their price targets for PSX.

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