Jefferies Adjusts Price Target on ConocoPhillips to $129 From $120, Maintains Buy Rating

NodeGuardian · 2026-03-09T13:17:05+00:00

Jefferies raised its price target for ConocoPhillips to $129 from $120 and maintains a "Buy" rating, reflecting a positive outlook for the energy company known for hydrocarbon exploration and production globally.

NodeGuardian

2026-03-09 13:17:05

Abstract generation in progress

Jefferies has increased its price target for ConocoPhillips (COP) to $129 from $120, while reiterating a “Buy” rating on the stock. This adjustment reflects Jefferies’ updated outlook for the energy company. ConocoPhillips specializes in hydrocarbon exploration and production, with operations across various regions including the United States, Canada, and Europe.

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