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ConocoPhillips Message Board

  • jc_magical_mystery_tour jc_magical_mystery_tour Feb 9, 2013 6:25 PM Flag

    Oppenheimer boosts COP price target

    ConocoPhillips (COP) is in the process of divesting $9.6B in assets this year, and Oppenheimer's Fadel Gheit expects it to successfully apply proceeds to help fund new projects and increased production. In raising his target price on COP to $70 from $65, Gheit says the strategy, coupled with a high dividend yield, could lead to 20% multiple expansion and boost the stock.

    Sentiment: Buy

 
COP
65.58+0.80(+1.23%)May 21 4:00 PMEDT