UBS lowers ConocoPhillips price target due to weaker commodity outlook

au.investing.com

UBS lowered its price target for ConocoPhillips to $143 from $155, citing a reduced commodity outlook. Despite the target cut, UBS maintained a Buy rating, expecting strong operational performance and adherence to shareholder return targets. The adjustment comes amid broader energy market declines due to falling oil prices and other industry-specific news.


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UBS lowers ConocoPhillips price target due to weaker commodity outlook | News Minimalist