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Fly News Breaks for May 6, 2016
PSXP
May 6, 2016 | 08:22 EDT
As previously reported, Mitsubishi UFJ upgraded Phillips 66 Partners to Overweight from Neutral with a $76 price target. Analyst Barrett Blaschke said Phillips' one-year IRR of 39.2% is above the average for the broader midstream group and management has shown a consistent ability to execute.
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