ConocoPhillips price target raised to $128 from $127 at Truist

Truist raised the firm’s price target on ConocoPhillips (COP) to $128 from $127 and keeps a Hold rating on the shares after its Q1 earnings beat. The firm views the stock favorably given unmatched resource depth anchored to significant short and long-cycle opportunities alongside an attractive LNG portfolio, the analyst tells investors in a research note.