Roth Capital raised the firm’s price target on ConocoPhillips (COP) to $112 from $105 and keeps a Buy rating on the shares after the company reported Q4 results, issued unchanged 2026 capex guidance and said that it continues to make progress on its $1B cost cutting initiative. The firm, which is introducing 2027 estimates, currently expects 2% year-over-year growth for total production and 1% growth for oil next year.
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