Phillips 66 (PSX) : Analyst Rating Update

Phillips 66 (PSX) has an average broker rating of 2.36, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Phillips 66 (PSX) : 9 Wall Street analysts covering Phillips 66 (PSX) believe that the average level the stock could reach for the short term is $89.22. The maximum price target given is $100 and the minimum target for short term is around $76, hence the standard deviation is calculated at $7.53.

Phillips 66 (NYSE:PSX): The stock opened at $77.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $77.33 for the day. The stock traded down to $74.84 during the day, due to lack of any buying support eventually closed down at $76.37 with a loss of -2.00% for the day. The stock had closed at $77.93 on the previous day. The total traded volume was 5,344,944 shares.

Also, Morgan Stanley downgrades its view on Phillips 66 (NYSE:PSX) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on June 17, 2016. The company shares have dropped -0.73% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $94.12 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $79.49 and the 200 Day Moving Average price is recorded at $81.50.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.

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