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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 08:21 EDT
Credit Suisse analyst Manav Gupta cut his price target for Phillips 66 to $110 from $122 and lowered 2020 and 2021 estimates to reflect lower benefit of IMO 2020 on product margins versus what he had initially forecasted. He has a Neutral rating on the shares.