Morgan Stanley Maintains Overweight on ConocoPhillips, Raises Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott maintains an Overweight rating on ConocoPhillips (COP) and raises the price target from $123 to $129.
March 28, 2024 | 6:43 pm
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Morgan Stanley maintains an Overweight rating on ConocoPhillips and raises the price target from $123 to $129.
The upgrade in price target by a reputable analyst like Devin McDermott at Morgan Stanley typically signals a strong confidence in the company's future performance. This can lead to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100