UPDATE: Credit Suisse Initiates Phillips 66 Partners LP with Outperform on Good Market Position

In a report published Monday, Credit Suisse analyst John Edwards initiated coverage on Phillips 66 Partners LP (NYSE: PSXP ) with an Outperform rating and $40.00 price target. In the report, Credit Suisse noted, “We are initiating coverage of PSXP with an Outperform rating and a $40 target price. PSXP