Deutsche Bank Starts Phillips 66 (PSX) at Hold
Get Alerts PSX Hot Sheet
Rating Summary:
19 Buy, 5 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Deutsche Bank initiated coverage on Phillips 66 (NYSE: PSX) with a Hold rating and a price target of $99.00.
Analyst Ryan Todd said, "PSX is amongst the most attractive long-term stories in our coverage universe. Often viewed as the "non-refining" refiner, PSX is well-positioned to benefit from long-term positive, secular trends in chemicals and midstream/logistics (both transport and NGL driven). With only 30% of corporate value driven by refining, PSX is the most defensive of the US refiners, however, it is, by extension, the least exposed to our view of a refining recovery into 2015."
For an analyst ratings summary and ratings history on Phillips 66 click here. For more ratings news on Phillips 66 click here.
Shares of Phillips 66 closed at $77.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Phillips 66 (PSX) Exploring Sale of 25% Stake in the Rex Interstate Natural Gas Pipeline - Reuters
- Hyundai Motor (005380:KS) (HYMTF) PT Raised to KRW290 at Citi
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!