JP Morgan Initiates Phillips 66 With Overweight

Analysts at JP Morgan initiated coverage on Phillips 66

with a Overweight rating. The target price for Phillips 66 is set to $101. Phillips 66 shares have surged 45.13% over the past 52 weeks, while the S&P 500 index has gained 17.49% in the same period. Phillips 66 shares dropped 2.23% to close at $83.84 yesterday.