Phillips 66 and Berkshire Hathaway Announce Share Repurchase Agreement
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Phillips 66 (PSX) PT Raised to $137 at Cowen; Berkshire Buyback is Positive
February 14, 2018 6:29 AM ESTCowen raised its price target on Phillips 66 (NYSE: PSX) to $137.00 (from $127.00) while maintaining an Outperform rating.
Analyst Sam Margolin said the repurchase of 35MM shares from Berkshire Hathaway "is a positive event in our view, increasing our valuation per share on a lower... More
