Phillips 66’s Investor Day Review
<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/PSX'>Phillips 66 (NYSE:PSX)</a> after attending the company’s 2022 Investor Day, where its growth and capital allocation plans were discussed in detail.</p>
<p>The company sees a path to meaningfully grow its mid-cycle adjusted EBITDA over the next three years given the midstream realignment, Rodeo start-up, and cost reductions, with further upside potential in the current refining environment.</p>
<p>According to the analysts, the expected growth drives higher shareholder capital returned, with $10-$12 billion distributed over the next 2.5 years. The analysts raised their price target to $131 from $119 while reiterating the Outperform rating.</p>

NYSE:PSX