08:58 EST Elliott: Phillips 66’s (PSX) midstream unit could command premium valuation over $40B
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Read More on PSX:
- Elliott discloses over $2.5B position in Phillips 66, sends letter to board
- Elliott urges Phillips 66 to take ‘necessary actions’ to improve operations
- Activist Elliot builds more than $2.5B stake in Phillips 66, WSJ says
- Activist Elliott Ups Stake in Phillips 66 with Over $2.5B Investment
- Phillips 66 price target lowered to $128 from $130 at TD Cowen