Phillips 66 sees TD Cowen lift target, shares trade near 172 dollars
29.06.2026 - 21:59:28 | ad-hoc-news.de
By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-29, 21:58.
Phillips 66 (US74460D1090) starts the new week with fresh analyst attention. TD Cowen lifted its price target while maintaining a Buy rating as the NYSE-listed refining group trades around 171 to 172 dollars per share.
TD Cowen lifts Phillips 66 target
On June 29, 2026, TD Cowen adjusted its price target on Phillips 66 to 220 dollars, up from 213 dollars, and reiterated a Buy recommendation on the stock according to a report distributed via MT Newswires and MarketScreener. The TD Cowen note highlights the higher target and maintained Buy stance.
Data on MarketScreener linked to the TD Cowen change shows Phillips 66 shares quoted at about 171.65 dollars around the time of publication, with a small intraday move of roughly minus 0.06 percent, underlining that the rating shift comes while the stock trades close to recent highs. The bank's higher target implies double-digit upside potential versus that 171 to 172 dollar level.
Consensus view and recent performance
Across Wall Street, Phillips 66 remains broadly supported by analysts. A Zacks.com review of brokerage recommendations cites an average brokerage recommendation of 1.93 on a scale from 1 (Strong Buy) to 5 (Strong Sell), based on input from 21 firms, translating to a view between Strong Buy and Buy. Zacks highlights both the positive average rating and recent earnings estimate revisions.
The same Zacks report notes that the consensus earnings estimate for the current year has increased by about 3.4 percent over the past month to 18.22 dollars per share, supporting the positive stance. On MarketBeat, Phillips 66 is listed among actively followed energy names, with the site showing a closing price of 171.84 dollars on June 26, 2026 and after-hours indications near 169.92 dollars, pointing to modest short-term volatility in the NYSE-traded shares. MarketBeat aggregates recent price data and earnings history for Phillips 66.
More news and data on the Phillips 66 shares
Further articles, quotes and regulatory filings on Phillips 66 can be found in the ad-hoc-news topic section and on the company's Investor Relations pages.
How Phillips 66 makes its money
Phillips 66 generates most of its cash flow from refining crude oil into gasoline, diesel and other fuels across a network of refineries, complemented by midstream activities that transport and store hydrocarbons and by a chemicals segment via its stake in CPChem. The group also reports growing contributions from renewable fuels and lower-carbon initiatives alongside its traditional operations.
Where the stock trades today
As of 2026-06-29, 15:56 Eastern, Phillips 66 shares trade on the NYSE around 171.65 dollars, according to energy peer comparison data that lists PSX at that level, giving the company a market capitalization in the low-70-billion-dollar range.
Phillips 66 at a glance
- Company: Phillips 66 Co.
- ISIN: US74460D1090
- WKN: A1JWQP
- Ticker: PSX
- Trading venue: NYSE
- Price (as of 2026-06-29, 15:56): 171.65 USD
- Market cap: approximately 71 billion USD (as of late June 2026)
- Sector / industry: Energy - Oil & Gas Refining and Marketing
- Index membership: S&P 500
- Next earnings date: expected around 2026-08-05
This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.
