Wells Fargo Maintains Overweight on ConocoPhillips, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on ConocoPhillips but lowers the price target from $150 to $132.
September 27, 2024 | 3:41 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo's analyst Roger Read maintains an Overweight rating on ConocoPhillips but reduces the price target from $150 to $132, indicating a more cautious outlook.
The reduction in the price target from $150 to $132 suggests a more cautious outlook on ConocoPhillips' stock performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100