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

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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Comments (3)
  • auto44
    , contributor
    Comments (3644) | Send Message
    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
  • arthur_bishop1972
    , contributor
    Comments (4456) | Send Message
    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
  • D.Rapp
    , contributor
    Comments (180) | Send Message
    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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