- The shares of ConocoPhillips (NYSE: COP) have received a $110 price target from RBC Capital. These are the details.
The shares of ConocoPhillips (NYSE: COP) have received a $110 price target from RBC Capital. And RBC Capital analyst Scott Hanold increased the price target on ConocoPhillips from $100 while maintaining an “Outperform” rating on the shares.
Hanold is positive on the company’s total shareholder return of 7%-8%, adding that its portfolio also has high exposure” to some of the more robust markets like European gas, LNG, Brent oil, and Permian oil.
Going forward, Hanold noted that ConocoPhillips has the asset diversity and operational opportunities to keep inflation-related costs in check.
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