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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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May 27, 2015
10:01 EDTPSXOn The Fly: Analyst Upgrade Summary
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06:18 EDTPSXOppenheimer upgrades refiners on favorable fundamentals
Oppenheimer upgraded to Outperform from Perform shares of HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX) and Tesoro (TSO) saying favorable industry fundamentals will continue to support higher valuations. Wide crude differential, low natural gas prices, growing refined product exports and improved petroleum demand should drive shares of refiners higher, Opco tells investors in a research note. The firm also raised its price target for Outperform rated Valero (VLO) to $70 from $65.
06:13 EDTPSXPhillips 66 upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Phillips 66 and other names in the Refining space saying favorable industry fundamentals will support higher valuations. The firm has a $95 price target for shares.
May 20, 2015
10:00 EDTWEXOn The Fly: Analyst Initiation Summary
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May 19, 2015
16:51 EDTWEX, WEXWEX Inc. initiated with an Underperform at CLSA
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