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Stock impact report

Here is Why Phillips 66 (PSX) Fell This Week [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that is engaged in refining, transporting, and marketing fuels. Phillips 66 (NYSE:PSX) surged to a 52-week high earlier this month after investors deemed the company as one of the largest potential beneficiaries from the US action in Venezuela, since its refineries are specifically designed to process heavy sour grade crude like that from the South American country. However, the stock has since witnessed a slight downturn, possibly due to investors taking their profits. Moreover, on January 13, JPMorgan reduced its price target on Phillips 66 (NYSE:PSX) from $154 to $151, while maintaining an ‘Overweight' rating on the shares. The revision comes as the firm adjusted its targets for recent commodity prices as part of a Q4 preview. Similarly, earlier on January 12, Piper Sandler also lowered its price target on Phillips 66 (NYSE:PSX) from $155 to $153, but kept its ‘Neutral' rating on the shares. The analys Show less Read more
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