Mizuho Reiterates Neutral on ConocoPhillips, Raises Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has reiterated a Neutral rating on ConocoPhillips (NYSE:COP) and increased the price target from $132 to $139.
March 22, 2024 | 2:24 pm
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Mizuho has maintained a Neutral rating on ConocoPhillips but raised the price target from $132 to $139.
The increase in price target by Mizuho suggests a positive outlook on ConocoPhillips' stock value in the short term, despite the Neutral rating. This adjustment reflects an expectation of stronger performance or favorable market conditions for COP, likely leading to a positive investor sentiment and potentially an increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100