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Phillips 66 (PSX -2.4%) has been "badly affected" by Hurricane Sandy, so Deutsche Bank...

  • Friday, November 9, 2012, 12:38 PM ET
    Phillips 66 (PSX -2.4%) has been "badly affected" by Hurricane Sandy, so Deutsche Bank downgrades shares to Hold from Buy over weather and related shortage impacts on northeast U.S. oil markets that comprise 27% of U.S. oil demand and 6% of global demand. Only HollyFrontier (HFC +1.4%) remains rated at Buy among big refiners covered by the firm.
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This news story has 3 comments:

  •  
    Downgrade it because of temporary head winds. Brilliant. Why do folks even pay attention to dribble like this?
    9 Nov 2012, 03:00 PM Reply Like
  •  
    Good. I missed the run up and want a shot at PSX under $48...under $46 would be even better : D
    10 Nov 2012, 02:54 AM Reply Like
  •  
    Shows how short sighted these some of these analysts are. I'l buy more on a pull back.
    10 Nov 2012, 06:51 PM Reply Like
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