Equities research analysts at UBS Group began coverage on shares of Phillips 66 ( NYSE:PSX – Get Rating ) in a research note issued on Wednesday, The Fly reports. The firm set a 'buy' rating on the oil and gas company's stock. PSX has been the topic of several other reports. Wells Fargo & Company lowered their target price on shares of Phillips 66 from $134.00 to $127.00 and set an 'overweight' rating on the stock in a research report on Thursday, January 5th. Royal Bank of Canada boosted their price target on Phillips 66 from $130.

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