Scotiabank Maintains Sector Perform on ConocoPhillips, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Perform rating on ConocoPhillips (NYSE:COP) but lowers the price target from $120 to $115.
October 10, 2024 | 5:10 pm
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Scotiabank analyst Paul Cheng maintains a Sector Perform rating on ConocoPhillips but lowers the price target from $120 to $115, indicating a slightly less optimistic outlook.
The lowering of the price target from $120 to $115 by Scotiabank suggests a slightly less optimistic view on ConocoPhillips' future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
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