Phillips 66 Stock Analysts Remain Bullish on Company's Prospects

Phillips 66 stock has received mixed opinions from Wall Street analysts, with some bullish and others bearish on the company's future prospects. Analysts at Jefferies and UBS have a buy rating, while those at Mizuho and RBC have a neutral rating. The company's recent Q2 earnings report showed a decline in revenue and profits due to lower refining margins and weak demand for its midstream assets. However, some analysts remain optimistic about Phillips 66's long-term growth prospects, citing its diversified business model and strong cash flow.