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  "documentTitle": "Phillips 66 (PSX)",
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      "text": "Elliott View of Value: Unaffected Stock Price $120 to Streamline66 $200",
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      "text": "[We] believe PSX is currently trading below its SOTP and could see meaningful upside in a breakup scenario... - Scotiabank, February 2025",
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      "text": "[Our view is] that PSX is undervalued – and there is merit to shining a light on embedded value. - Wolfe Research, February 2025",
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      "text": "[There is] significant upside to a SOTP-based valuation... - J.P. Morgan, February 2025",
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      "text": "[We] believe PSX is currently trading below its SOTP and could see meaningful upside in a breakup scenario... — Scotiabank, February 2025; [There is] significant upside to a SOTP-based valuation... — J.P. Morgan, February 2025; [Our view is] that PSX is undervalued – and there is merit to shining a light on embedded value. — Wolfe Research, February 2025",
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      "text": "(1) Source: Bloomberg as of February 7, 2025. (2) Price target is based on Elliott's internal calculations.",
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