RBC Capital Maintains Outperform Rating for ConocoPhillips: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has reaffirmed its Outperform rating on ConocoPhillips (NYSE:COP) and increased its price target from $130.00 to $135.00. ConocoPhillips' stock is currently trading at $116.00, up 0.55% from the previous day. The new price target suggests a potential upside of 16.38%. ConocoPhillips is an independent oil and gas company with significant production and reserves.
November 14, 2023 | 5:00 pm
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RBC Capital maintains an Outperform rating on ConocoPhillips and raises the price target to $135, indicating a potential 16.38% increase from the current price.
The reaffirmation of the Outperform rating and the increase in price target by RBC Capital are strong positive signals for investors, suggesting confidence in ConocoPhillips' performance and growth potential. This could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100