Morgan Stanley Stays Cautious on Phillips 66 (PSX) Due to Strategic Issues
On Thursday, May 22, Morgan Stanley analyst Joe Laetsch maintained a Hold rating on Phillips 66 (NYSE:PSX) stock with an unchanged price target of $122. His cautious view mainly stems from recent shareholder disagreements and execution concerns over the company’s financial targets. On May 21, Phillips 66 held its annual meeting of shareholders, where it […]