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Fly News Breaks for May 2, 2016
PSXP
May 2, 2016 | 07:46 EDT
After Phillips 66 Partners reported weaker than expected Q1 results, RBC Capital still expects the company to meet its goal of 30% distribution CAGR through 2018. The firm expects investors' focus to remain on the company's dropdown and financing plans. It keeps a $75 price target and Outperform rating on the shares.
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