Jefferies Upgrades ConocoPhillips (COP) to Hold
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Jefferies upgraded ConocoPhillips (NYSE: COP) from Underperform to Hold with a price target of $40.00 (from $37.00).
Analyst Jason Gammel commented, "We are upgrading COP to Hold from Underperform on valuation considerations. COP has been amongst the most aggressive companies in the sector in cutting costs and we expect the company can balance its cash cycle at $49/bbl."
Shares of ConocoPhillips closed at $41.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Graphic Packaging (GPK) PT, Estimates Trimmed at Jefferies Post Q3
- New Oriental Education (EDU) PT Raised to $60 at Brean Capital
- Jefferies Cuts Price Target on Waters Corp. (WAT) Following Revenue Miss
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Upgrades
Related EntitiesJefferies & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!