Phillips 66 (PSX) Declares $0.8 Quarterly Dividend; 2.7% Yield

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Barclays Upgrades Phillips 66 (PSX) to Equalweight

October 3, 2018 5:00 AM EDT

Barclays analyst Paul Cheng upgraded Phillips 66 (NYSE: PSX) from Underweight to Equalweight with a price target of $128.00 (from $133.00).

The analyst feels the valuation is more fair after the equity lagged peers in performance in 2018 due to the company's relatively low exposure to... More