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News 2026-10-13 11:02 UTC

BUZZ — JP Morgan raises PT on Phillips 66 citing stronger refining margins

* JP Morgan raises price target on refiner Phillips 66 to $275 from $234 * The new PT represents an downside of 2.3% to stock's last close * Brokerage expects PSX's refining business to remain the main quarter earnings driver, supported by tight global product markets and continued geopolitical and freight-related disr