Wells Fargo Starts ConocoPhillips (COP) at Outperform
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Price: $126.78 +1.81%
Rating Summary:
27 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
27 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on ConocoPhillips (NYSE: COP) with a Outperform rating and valuation range of $72-$78.
The firm comments, "We have initiated coverage of ConocoPhillips (COP) with an Outperform rating on the shares and valuation range of $72-78. Our rating reflects ConocoPhillips' favorable reserves and acreage positions, expected production profile and balance sheet strength that should support growth with reasonable returns."
For an analyst ratings summary and ratings history on ConocoPhillips click here. For more ratings news on ConocoPhillips click here.
Shares of ConocoPhillips closed at $56.98 yesterday.
The firm comments, "We have initiated coverage of ConocoPhillips (COP) with an Outperform rating on the shares and valuation range of $72-78. Our rating reflects ConocoPhillips' favorable reserves and acreage positions, expected production profile and balance sheet strength that should support growth with reasonable returns."
For an analyst ratings summary and ratings history on ConocoPhillips click here. For more ratings news on ConocoPhillips click here.
Shares of ConocoPhillips closed at $56.98 yesterday.
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