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>> PHILLIPS 66 Latest News

FEB 11, 2013 - MarketWatch

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Oppenheimer ups Phillips 66 price target to $80

SAN FRANCISCO (MarketWatch) -- Oppenheimer lifted its price target on refiner Phillips 66 to $80 from $60, saying it expects strong performance "to continue longer than many expected," according to a note to clients Monday. Phillips 66, spun off ConocoPhillips last year, has benefitted from "unique asset mix, strong market fundamentals ... and management focus on creating shareholders' value through dividend growth and share buybacks," Oppenheimer said. It kept an overweight rating on the stock. Shares of Phillips 66 rose 0.6% to $64.40 on Monday, with most energy stocks down. Market Pulse ... Read More

Tags: Oppenheimer ups Phillips 66 price target to $80,  Phillips 66 Latest News