The Goldman Sachs Group Boosts Phillips 66 (NYSE:PSX) Price Target to $186.00

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The Goldman Sachs Group has increased its price target for Phillips 66 (NYSE:PSX) to $186.00 from $168.00, maintaining a “neutral” rating despite the change. This new target implies a potential upside of 4.92% from the stock’s previous close. The oil and gas company recently reported strong quarterly earnings of $2.47 per share, surpassing analyst estimates by $0.32, though insider selling has been noted recently, with insiders offloading 38,088 shares.

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