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home / news releases / PSXP - Phillips 66 Partners cut to Underweight at Morgan Stanley on valuation

PSXP - Phillips 66 Partners cut to Underweight at Morgan Stanley on valuation

Phillips 66 Partners LP representing limited partner interest in the Partnership
  • Phillips 66 Partners (PSXP +0.3%) is downgraded to Underweight from Equal Weight with a $50 price target, trimmed from $55, at Morgan Stanley, citing the stock's premium valuation alongside recent underperformance by some peers.
  • More news on: Phillips 66 Partners LP, Energy stocks news,
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Stock Information
Company Name: Phillips 66 Partners LP representing limited partner interest in the Partnership
Stock Symbol: PSXP
Market: NYSE
Website: phillips66partners.com
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