Raymond James raised the firm’s price target on ConocoPhillips (COP) to $117 from $109 and keeps an Outperform rating on the shares. While plenty of macro uncertainty remains, the oil price has for the time being recovered, and Raymond James sees minimal activity changes from management teams as a result, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COP:
- ConocoPhillips Seeks to Cease Reporting Issuer Status in Canada
- ConocoPhillips applies to cease being a reporting issuer in Canada
- Geopolitical Turmoil Spurs ConocoPhillips Stock (COP) Bulls
- ConocoPhillips price target raised to $119 from $118 at Morgan Stanley
- ConocoPhillips price target raised to $123 from $113 at Piper Sandler