Fly News Breaks for January 14, 2020
Jan 14, 2020 | 08:03 EDT
Barclays analyst Theresa Chen initiated coverage of Phillips 66 with an Overweight rating and $122 price target. The analyst likes the company given its diversified businesses, growing portfolio of non-refining projects, as well as a solid operational track record. "When the world is falling apart, own PSX," she says.
News For PSX From the Last 2 Days
May 12, 2021 | 07:54 EDT
Credit Suisse analyst Manav Gupta raised the firm's price target on Phillips 66 to $95 from $90 and keeps an Outperform rating on the shares. The analyst is also adjusting Phillips' Q2 2021 earnings estimate to 81c from 70c versus consensus of loss of 93c to reflect stronger refining earnings and strong ethylene chain margins.