Goldman Sachs Removed ConocoPhillips (COP) from its Conviction Buy List

September 5, 2008 10:49 AM EDT

Goldman Sachs removed ConocoPhillips (NYSE: COP) from its Conviction Buy List. The firm is maintaining their Buy rating on ConocoPhillips but cut their price target from $126 to $105.

Shares of ConocoPhillips are down 3.2% today to $74, with a 52-week range of $67.85 - $95.96.

ConocoPhillips operates as an integrated energy company worldwide. It operates in six segments: Exploration and Production (E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment, Chemicals, and Emerging Businesses.


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