Wells Fargo Maintains Overweight on ConocoPhillips, Raises Price Target to $149
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on ConocoPhillips (NYSE:COP) and increased the price target from $141 to $149.
April 10, 2024 | 3:49 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on ConocoPhillips and raised the price target from $141 to $149.
The upgrade in the price target by a reputable analyst like Roger Read from Wells Fargo is a strong positive signal for ConocoPhillips. It suggests confidence in the company's future performance and potential for stock price appreciation. This is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100