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Phillips 66 (PSX +2.4%) jumps after Deutsche Bank upgrades the refiner to Buy from Hold as "the...

Phillips 66 (PSX +2.4%) jumps after Deutsche Bank upgrades the refiner to Buy from Hold as "the premium unconventional oil play." The top beneficiary of the "secular long-term boom" in U.S. oil and gas production will be export-oriented processing manufacturers, with refining the "biggest, most undervalued sector," the firm says. It also lists HFC as a Top Pick and upgrades MPC to Buy.
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