UPDATE: Credit Suisse Raises PT on ConocoPhillips, Expects Improved Focus on Portfolio
In a report published Friday, Credit Suisse reiterated its Neutral rating on ConocoPhillips (NYSE: COP ), and raised its price target from $65.00 to $70.00. Credit Suisse noted, “COP laid out a cashflow and production plan that is in line with our forecasts and could deliver 6-8% CAGR in cashflow
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