Susquehanna Maintains Positive on ConocoPhillips, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril has maintained a Positive rating on ConocoPhillips (NYSE:COP) but has reduced the price target from $152 to $133.
January 26, 2024 | 8:39 pm
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Susquehanna has maintained a Positive rating on ConocoPhillips but lowered the price target from $152 to $133, indicating a potential decrease in future stock price expectations.
The reduction in price target by Susquehanna suggests that there may be factors that could lead to a lower valuation of ConocoPhillips, despite maintaining a positive outlook. This could result in a negative short-term impact on the stock as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100