RBC Capital Maintains Outperform on ConocoPhillips, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has reaffirmed an Outperform rating on ConocoPhillips (NYSE:COP) and increased the price target from $130 to $135.
November 14, 2023 | 4:56 pm
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POSITIVE IMPACT
RBC Capital analyst Scott Hanold maintains a positive outlook on ConocoPhillips, raising the price target to $135.
The increase in the price target by a reputable analyst is a strong positive signal, suggesting that the analyst sees continued upside potential in the stock. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100