Barclays Raises Price Target for ConocoPhillips (COP) Stock
On May 26, Barclays analyst Betty Jiang raised the price target on ConocoPhillips (NYSE:COP) stock to $155 from $136 while maintaining an 'Overweight' rating. The firm cited a tighter oil market due to inventory depletion and low OPEC spare capacity as key factors.
Topics: Barclays ConocoPhillips oil and gas price target upgrade