Phillips 66 Partners Reaches Analyst Target Price
September 16, 2019 at 08:20 AM EDT
In recent trading, shares of Phillips 66 Partners LP (PSXP) have crossed above the average analyst 12-month target price of $56.88, changing hands for $57.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..