Mizuho Upgrades ConocoPhillips (COP) to Outperform

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Morgan Stanley Resumes ConocoPhillips (COP) at Overweight

December 16, 2024 6:08 AM EST

Morgan Stanley analyst Devin McDermott resumes coverage on ConocoPhillips (NYSE: COP) with a Overweight rating and a price target of $128.00.

The analyst comments "COP has underperformed E&Ps by 13% and Integrated Energy by 19% year-to-date. While COP's 2025 EV/DACF of 5.9x sits... More