Morgan Stanley raises Phillips 66 target to $196

0 min read | Published on 12 Jun 2026, 11:17 PM |Updated on 12 Jun 2026, 11:17 PM

Reviewed by

Radhika SScanX News Team

Key Highlights

Morgan Stanley analyst Erin Wright maintained an Overweight rating on Phillips 66 and raised the price target to $196 from $180.

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Morgan Stanley analyst Erin Wright has maintained an Overweight rating on Phillips 66 and raised the price target to $196 from $180. The revised target reflects increased confidence in the company's performance potential.

Rating and Price Action

The firm continues to endorse the stock with an Overweight designation, signaling expectations for the shares to outperform the broader market. The adjustment in the price objective represents a significant upward revision from the previous $180 level.

Key Details

Metric	Value
Rating	Overweight
Previous Price Target	$180
New Price Target	$196

What specific factors drove Morgan Stanley's increased confidence in Phillips 66's performance?

How might Phillips 66's sector peers react to this price target increase?

What are the potential risks that could prevent Phillips 66 from reaching the new $196 target?

Phillips 66 to speak at J.P. Morgan 2026 Energy Conference

1 min read | Published on 10 Jun 2026, 02:21 AM |Updated on 10 Jun 2026, 02:21 AM

Reviewed by

Riya DScanX News Team

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Key Highlights

Phillips 66 Chairman and CEO Mark Lashier will participate in a fireside chat at the J.P. Morgan 2026 Energy, Power, Renewables & Mining Conference on June 23, 2026. The event will also feature Executive Vice President and CFO Kevin Mitchell and Vice President of Investor Relations Sean Maher. A live webcast will be accessible via the Phillips 66 investors site, with a replay available the following day.

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Phillips 66 Chairman and CEO Mark Lashier will participate in a fireside chat at the J.P. Morgan 2026 Energy, Power, Renewables & Mining Conference at 8:00 a.m. ET on Tuesday, June 23, 2026. The session will provide insights into the company's operations and strategic direction within the energy sector. Joining Lashier will be Kevin Mitchell, executive vice president and CFO, and Sean Maher, vice president of Investor Relations and Chief Economist.

Investors can access the live webcast through the Events and Presentations section of the Phillips 66 Investors site at phillips66.com/investors. A replay of the session will be archived on the same page the day after the event, and a transcript will be made available at a later date for those unable to attend the live broadcast.

Conference Details

The J.P. Morgan 2026 Energy, Power, Renewables & Mining Conference serves as a key platform for industry leaders to discuss trends and developments in the energy sector. Phillips 66's participation highlights its role as a leading integrated downstream energy provider with a diverse portfolio including Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses.

About Phillips 66

Headquartered in Houston, Texas, Phillips 66 manufactures, transports, and markets products that drive the global economy. The company employs a global workforce committed to safely and reliably providing energy while pursuing a lower-carbon future. For more information, stakeholders can visit phillips66.com or follow @Phillips66Co on LinkedIn.

Event	J.P. Morgan 2026 Energy, Power, Renewables & Mining Conference
Date	June 23, 2026
Time	8:00 a.m. ET
Speakers	Mark Lashier (Chairman and CEO), Kevin Mitchell (EVP and CFO), Sean Maher (VP Investor Relations and Chief Economist)
Webcast Access	phillips66.com/investors