Analysts Offer Insights on Energy Companies: Phillips 66 (PSX) and Pembina Pipeline (PBA)
There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Phillips 66 (PSX) and Pembina Pipeline (PBA) with bullish sentiments.
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Phillips 66 (PSX)
In a report released today, Joe Laetsch from Morgan Stanley upgraded Phillips 66 to Buy, with a price target of $174.00. The company’s shares closed last Thursday at $159.53.
According to TipRanks.com, Laetsch is a 3-star analyst with an average return of
Phillips 66 has an analyst consensus of Moderate Buy, with a price target consensus of $177.06, which is a 9.7% upside from current levels. In a report issued on April 9, BMO Capital also maintained a Buy rating on the stock with a $195.00 price target.
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Pembina Pipeline (PBA)
ATB Cormark Capital Markets analyst Nate Heywood reiterated a Buy rating on Pembina Pipeline yesterday and set a price target of C$66.00. The company’s shares closed last Thursday at $43.19, close to its 52-week high of $43.44.
According to TipRanks.com, Heywood is ranked #8726 out of 12209 analysts.
Pembina Pipeline has an analyst consensus of Moderate Buy, with a price target consensus of $46.11, which is a 7.9% upside from current levels. In a report issued on April 8, CIBC also maintained a Buy rating on the stock with a C$66.00 price target.
Read More on PSX:
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- Phillips 66 upgraded to Overweight from Equal Weight at Morgan Stanley
- Phillips 66 price target raised to $151 from $140 at Scotiabank
- Phillips 66, Kinder Morgan advance Western Gateway Pipeline project
- EU plans measures to address jet fuel shortage linked to Iran war, Reuters says
- Phillips 66 price target raised to $183 from $159 at Citi
