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Fly News Breaks for October 27, 2015
PSXP
Oct 27, 2015 | 07:01 EDT
Credit Suisse transferred coverage on Phillips 66 Partners (PSXP) with an Outperform rating from a Neutral rating. Analyst Bhavesh Lodaya believes Phillips 66 Partners will be able to accelerate investments in organic projects as it gains scale. Lodaya said Phillips 66 Partners' Midstream projects can be developed at a lower multiple yielding higher accretion rather than being dropped down from Phillips 66 (PSX).
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