Mizuho Maintains Neutral on ConocoPhillips, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on ConocoPhillips (NYSE:COP) but has reduced the price target from $139 to $132.

January 03, 2024 | 5:04 pm
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NEGATIVE IMPACT
Mizuho analyst Nitin Kumar maintains a Neutral stance on ConocoPhillips but lowers the price target from $139 to $132.
The reduction in price target by a reputable analyst could lead to a negative perception among investors, potentially causing a short-term dip in the stock price. However, since the rating remains Neutral, the impact may not be significantly bearish.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100