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ConocoPhillips (NYSE:COP) Price Target Raised to $149.00 at Morgan Stanley
Morgan Stanley has raised its price target for ConocoPhillips (NYSE:COP) to $149.00 from $108.00, maintaining an “overweight” rating and suggesting a potential upside of 18.36%. This follows several other analysts who have also increased their price objectives on the energy producer’s stock. Despite missing consensus earnings estimates in its last quarterly report, ConocoPhillips currently holds a “Moderate Buy” consensus rating among analysts, with an average target price of $132.44.