Barclays Raises Phillips 66 (PSX) Target to $158, Keeps Equal Weight Rating

Finviz2026/03/01 15:06

By:Finviz

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Phillips 66 (NYSE:PSX) is one of the 10 Best Stocks to Buy According to Elliott Investment Management.

Barclays Raises Phillips 66 (PSX) Target to $158, Keeps Equal Weight Rating image 0

On February 20, 2026, Barclays raised the price target on Phillips 66 (NYSE:PSX) from $142 to $158 while maintaining an Equal Weight rating. Earlier, on February 4, 2026, Phillips 66 (NYSE:PSX) reported its earnings results for the fourth quarter and full year 2025, highlighting earnings of $2.9 billion, or $7.17 per share, and an adjusted EBITDA of $1 billion, or $2.47 per share, for the quarter. In the earnings call, while responding to questions from Barclays analyst Theresa Chen, the company dismissed concerns that new Permian gas pipelines will disrupt ethane recovery. The company anticipates ethane pricing to remain competitive to meet Gulf Coast demand and to support its upcoming Golden Triangle project in 2027.

In a separate event, on February 19, 2026, Phillips 66 (NYSE:PSX)’s Executive Vice President Don Baldridge sold 7,500 shares of the company’s stock in a transaction valued at $1,200,000.

Phillips 66 (NYSE:PSX), spun off from ConocoPhillips in 2012, is a major integrated downstream energy company with headquarters in Texas.

While we acknowledge the potential of PSX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 10 Stocks Warren Buffett Would Buy in 2026 and 13 High-Quality S&P 500 Financial Stocks According to Hedge Funds.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Markets diverged during the week. Between the October 23 and October 30 closes, BTC fell 4.78%, the Nasdaq 100 declined 1.98%, and gold and silver dropped 2.72% and 8.59%, respectively. The DAX, KOSPI, Nikkei 225 and Hang Seng advanced. We focus on differences in growth prospects, valuation sensitivity and risk exposures rather than applying a single directional view across assets. 2. Market reactions to Alphabet's and Intel's earnings brought returns on AI investment into focus. Attention is shifting from the scale of capital expenditure to revenue realization, margins and free cash flow. Lower interest rates can ease discount-rate pressure, but a sustained valuation recovery still requires support from both operating performance and financing conditions. 3. The November 3 US midterm elections and November 6 employment report are key events in the coming week. We monitor how post-election fiscal and legislative agendas may affect interest rates, the dollar and industry operating conditions. Our execution priorities are to manage leverage and concentration, retain margin and exit-liquidity buffers, and avoid treating a single political outcome as an automatic trading signal. 4. Following Binance's disclosure of a security incident, industry attention to endpoint protection, access segregation and coordinated incident response has increased. Key assets to monitor: BTC, the Nasdaq 100, crude oil and gold, alongside upcoming earnings from AAPL, AMD, PLTR, ARM, ANET and QCOM.

Bitget•2026/11/02 08:28