Wolfe Research Highlights ConocoPhillips’ (COP) Asset Sales, Anadarko Acquisition, and Future Cash Flow
ConocoPhillips (NYSE:COP) ranks among the 9 hot energy stocks to buy. On November 6, Wolfe Research reaffirmed its Outperform rating on ConocoPhillips (NYSE:COP) and increased its price target to 130. The change comes after ConocoPhillips announced an 8% dividend raise, which Wolfe Research characterizes as a possible trigger for the market to recognize the company’s potential. Wolfe Research highlighted the company’s free cash flow growth in its third-quarter results, estimating a $1 billion ...