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Fly News Breaks for May 3, 2016
PSXP
May 3, 2016 | 06:38 EDT
Wells Fargo analyst Michael Blum downgraded Phillips 66 Partners to Market Perform citing valuation following the company's weaker than expected Q1 results. Blum lowered his price target range for the shares to $57-$59 from $64-$66.
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