Phillips 66 Partners (PSXP) Misses Q3 EPS by 13c, Revenue Beats

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Phillips 66 Partners (PSXP) PT Lowered to $59 at Stifel Following 3Q Release

October 30, 2017 7:34 AM EDT

Stifel lowered its price target on Phillips 66 Partners (NYSE: PSXP) to $59.00 (from $60.00) while maintaining a Buy rating following the company's 3Q earnings release. PSXP reported 3Q adjusted EBITDA of $168.0 million against estimates of $172.4 million and $170.0 million the prior quarter. The partnership was impacted by... More