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Stock Market & Financial Investment News

News Breaks
May 27, 2014
09:22 EDTPSX, WEXWex signs multi-year program extension with Phillips 66
WEX (WEX) announced it has signed a multi-year extension to provide private label and universal fleet card services for Phillips 66 (PSX). Through the agreement, WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers. Together, WEX and Phillips 66 will expand upon a sales and marketing program for direct sales while also supporting the efforts of independent marketers and dealers at more than 7,100 Phillips 66, Conoco, and 76-branded retail outlets.
News For WEX;PSX From The Last 14 Days
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March 31, 2015
09:33 EDTPSXPhillips 66 downgraded to Neutral from Buy at Gilford Securities
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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.
March 20, 2015
10:00 EDTWEXOn The Fly: Analyst Initiation Summary
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March 19, 2015
16:19 EDTWEXWEX Inc. initiated with an Outperform at Oppenheimer
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