ConocoPhillips shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform.
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips' stock has been upgraded from Peer Perform to Outperform by Wolfe Research, leading to a rise in the company's shares.
July 07, 2023 | 2:41 pm
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ConocoPhillips' stock has been upgraded by Wolfe Research, which has resulted in a rise in the company's share price.
The upgrade from Wolfe Research is a positive signal to investors, indicating that the firm sees potential for the stock's performance to improve. This has led to increased buying pressure, driving up the share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100