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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:22 EDTPSXPhillips 66 upgraded to Buy from Hold at Argus
Argus upgraded Phillips 66 following better than expected Q4 results, increased margin expectations, and capital allocations towards higher margin chemicals and midstream businesses. Price target is $90.
News For PSX From The Last 14 Days
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March 25, 2015
09:29 EDTPSXRefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTPSXRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.

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