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ConocoPhillips Stock’s Rally Isn’t Over Yet, Analyst Says

Teresa Rivas

(COP) stock (ticker: COP) was edging higher Thursday, after Piper Jaffray upgraded the stock, arguing it can rally back and outperform this year. While most energy stocks were crushed in 2018—especially as oil prices crumbled in the fourth quarter—ConocoPhillips didn’t get caught in the fray. Piper Jaffray’s Blake Fernandez upgraded ConocoPhillips stock to Overweight from Neutral with a $75 price target on Thursday.