Raymond James Maintains Strong Buy on ConocoPhillips, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on ConocoPhillips (NYSE:COP) but has reduced the price target from $146 to $140.

December 29, 2023 | 12:36 pm
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NEUTRAL IMPACT
ConocoPhillips maintains a Strong Buy rating from Raymond James, although the price target has been lowered from $146 to $140.
While the reduction in the price target could suggest a slightly less optimistic outlook on ConocoPhillips' future stock performance, the maintenance of a Strong Buy rating indicates that Raymond James still has a high conviction in the company's fundamentals and growth prospects. The impact on the stock price is likely to be neutral in the short term as the positive sentiment from the Strong Buy rating could offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100