Goldman Sachs analyst Neil Mehta reiterated his positive view and Buy rating on ConocoPhillips (COP) ahead of the Q3 report from the company. Shares have underperformed peers Exxon (XOM) and Chevron (CVX) by 15% over the last twelve months and lagged the S&P 500 by 27%, noted Mehta, who still sees see significant free cash flow generation power and "robust" capital return potential at Conoco. He believes the upcoming analyst day in November, where he expects the company to share more detail around its longer-term outlook, can be a positive catalyst for shares, Mehta added. He raised his price target on ConocoPhillips shares to $67 from $66.