Piper Sandler analyst Ryan Todd raised the firm’s price target on ConocoPhillips (COP) to $123 from $113 and keeps an Overweight rating on the shares ahead of quarterly results. The firm is lowering its Q2 EPS/EBITDA estimates, primarily driven by much lower than expected overall Natural Gas realizations.
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Read More on COP:
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- ConocoPhillips price target raised to $100 from $95 at Scotiabank
- ConocoPhillips price target lowered to $113 from $115 at RBC Capital
- ConocoPhillips price target raised to $115 from $111 at UBS
- Conocophillips: Buy Rating Affirmed Amid Upward Earnings Revisions and Strategic Initiatives