Wells Fargo Just Raised its Bets on These 2 Refining Giants

insidermonkey.com · 2026-09-07

The US refining stocks have been on a strong rally this year, driven by an unusually sharp surge in global refining margins as the ongoing disruptions have significantly reduced the world’s refining...

TickrTrends take: Wells Fargo's increased positioning in refining stocks reflects analyst confidence in the sector's fundamentals and near-term prospects. For PSX, which operates in the Energy sector and currently trades at a Fairly valued assessment according to TickrTrends, this analyst upgrade underscores that the market has already priced in reasonable expectations for the refinery operator. Investors monitoring PSX should observe whether operational metrics or crude spread environments move materially enough to shift the stock away from its current fair value designation.

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