Raymond James Reiterates Strong Buy on ConocoPhillips, Raises Price Target to $159
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has reiterated a Strong Buy rating on ConocoPhillips (NYSE:COP) and raised the price target from $155 to $159.
May 30, 2024 | 3:57 pm
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Raymond James has reiterated a Strong Buy rating on ConocoPhillips and increased the price target from $155 to $159, indicating strong confidence in the company's future performance.
The reiteration of a Strong Buy rating and the increase in the price target from $155 to $159 by Raymond James suggests a positive outlook for ConocoPhillips. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100