Jefferies Cuts Price Target on ConocoPhillips (COP) to $60
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Price: $124.52 -2.18%
Rating Summary:
27 Buy, 12 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
27 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Jefferies lowers its price target on Hold-rated ConocoPhillips (NYSE: COP) to $60.00 from $80.00.
The firm notes with Q2 reporting season starting on on 25th July, they estimate 2Q12 earnings for the majors will fall by 12% YoY and 5% sequentially, mainly due to the oil price, which has declined by 8% both YoY and sequentially.
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 $55.28 yesterday.
The firm notes with Q2 reporting season starting on on 25th July, they estimate 2Q12 earnings for the majors will fall by 12% YoY and 5% sequentially, mainly due to the oil price, which has declined by 8% both YoY and sequentially.
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 $55.28 yesterday.
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