Raymond James Maintains Strong Buy on ConocoPhillips, Lowers Price Target to $138
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on ConocoPhillips (NYSE:COP) but lowered the price target from $142 to $138.

July 24, 2023 | 2:16 pm
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NEUTRAL IMPACT
ConocoPhillips' price target has been lowered from $142 to $138 by Raymond James, though the 'Strong Buy' rating is maintained.
The news is directly about ConocoPhillips and is likely to influence investor sentiment. While the lowering of the price target might be seen as a negative, the maintenance of the 'Strong Buy' rating indicates continued confidence in the company's prospects. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100