Target Prices Raised for ConocoPhillips (COP) and ExxonMobil (XOM) Amid Oil Price Decline

Sep 30, 2024

Truist Securities has increased the target price for ConocoPhillips (COP, Financial) from $138 to $145 and for ExxonMobil (XOM) from $117 to $121. The reduction in free cash flow due to falling oil prices is expected to lower shareholder return rates.

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