Wall Street Cautious on ConocoPhillips (COP), Here’s Why
ConocoPhillips (NYSE:COP) is one of the Cheap NYSE Stocks to Buy Now. Wall Street has a cautious outlook on ConocoPhillips (NYSE:COP), mainly due to the supply-side risks facing the oil and liquids sector. On December 8, Arun Jayaram from J.P. Morgan lowered the firm’s price target on the stock from 102 and maintained a Buy rating. However, earlier on December 4, Charles Meade from Johnson Rice downgraded the stock from Buy to Hold and also lowered the price target from 105. Analyst Ar ...