Phillips 66 (NYSE:PSX) Upgraded to "Strong-Buy" at Wall Street Zen

Phillips 66 (NYSE:PSX) was upgraded to a “strong-buy” rating by Wall Street Zen. Despite this, analyst coverage remains mixed with 11 “Buy” and 12 “Hold” ratings, resulting in a MarketBeat consensus of “Hold” with an average price target of $161.33. The company exceeded EPS expectations but missed revenue estimates in its latest quarterly report, while insiders have recently sold shares, though institutional investors hold a significant stake.

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