UBS Maintains Buy on ConocoPhillips, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein has maintained a Buy rating on ConocoPhillips (NYSE:COP) but has reduced the price target from $149 to $138.

December 14, 2023 | 4:27 pm
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UBS analyst Josh Silverstein maintains a Buy rating on ConocoPhillips but lowers the price target to $138.
While the reduction in price target could suggest a more conservative outlook on the stock's future performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. The mixed signals may lead to a neutral short-term impact on the stock price as the market digests the information.
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