Barclays Capital Initiates Coverage on Phillips 66 (PSX)

By admin | 6 years ago

Equities research analysts at Barclays Capital (NYSE: BCS) started coverage on shares of Phillips 66 (NYSE: PSX) in a research note issued to investors on Wednesday. The firm set an “equal weight” rating and a $37.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Phillips 66 in a research note to investors on Wednesday, May 2nd. They set a “neutral” rating on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Phillips 66 in a research note to investors on Tuesday, May 1st. They set a “hold” rating and a $37.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of Phillips 66 in a research note to investors on Tuesday, May 1st. They set an “equal weight” rating and a $40.00 price target on the stock.

Phillips 66 traded down 2.00% on Wednesday, hitting $31.83. Phillips 66 has a 1-year low of $32.00 and a 1-year high of $37.45.

Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NGL) and petrochemicals.

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