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Stock impact report

Bank of America and Barclays Update ConocoPhillips (COP) Targets on Oil Outlook Shift [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
ConocoPhillips (NYSE: COP ) is included among the 15 Best Safe Dividend Stocks for 2026 Bank of America and Barclays Update ConocoPhillips (COP) Targets on Oil Outlook Shift On March 16, Bank of America analyst Kalei Akamine raised the firm's price recommendation on ConocoPhillips (NYSE:COP) to $120 from $102. The firm reiterated an Underperform rating on the shares. The analyst pointed to the ongoing impasse at the Strait of Hormuz as a key factor behind the change. The firm lifted its Brent oil price forecast to $77.50 for 2026, up from $61 previously. Price targets across the sector were updated to reflect the revised price outlook. A few days earlier, on March 13, Barclays analyst Betty Jiang also increased the firm's price objective on ConocoPhillips to $128 from $118 and kept an Overweight rating on the stock. The firm raised its 2026 oil price estimates following the Iran war and said the resulting cash flow support for the exploration and production sector remains under Show less Read more
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