UPDATE: Oppenheimer Starts Phillips 66 (PSX) at Outperform; Premium Valuation Justified
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Price: $65.96 --0%
Rating Summary:
9 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
9 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade PSX Now!
(Updated - July 16, 2012 2:47 PM EDT)
Oppenheimer initiates coverage on Phillips 66 (NYSE: PSX) with an Outperform. PT $42.00.
Analyst, Fadel Gheit, said, "The three PSX business segments are among the largest in their respective industries, and this uniquely diverse asset base should help cushion earnings against volatility during industry and economic cycles, relative to pure plays in any of the three segments."
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 $34.94 yesterday, with a 52 week range of $28.75-$35.08.
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Oppenheimer initiates coverage on Phillips 66 (NYSE: PSX) with an Outperform. PT $42.00.
Analyst, Fadel Gheit, said, "The three PSX business segments are among the largest in their respective industries, and this uniquely diverse asset base should help cushion earnings against volatility during industry and economic cycles, relative to pure plays in any of the three segments."
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 $34.94 yesterday, with a 52 week range of $28.75-$35.08.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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